Pineridge Advisors LLC Sells 21,653 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Pineridge Advisors LLC reduced its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 98.9% during the 4th quarter, HoldingsChannel reports. The firm owned 231 shares of the company’s stock after selling 21,653 shares during the period. Pineridge Advisors LLC’s holdings in VanEck Semiconductor ETF were worth $56,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hartford Financial Management Inc. boosted its position in VanEck Semiconductor ETF by 61.9% during the 4th quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock valued at $25,000 after acquiring an additional 39 shares in the last quarter. Mather Group LLC. raised its stake in shares of VanEck Semiconductor ETF by 320.0% in the fourth quarter. Mather Group LLC. now owns 105 shares of the company’s stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in VanEck Semiconductor ETF in the third quarter valued at $28,000. Darwin Wealth Management LLC purchased a new position in shares of VanEck Semiconductor ETF during the 3rd quarter valued at approximately $29,000. Finally, Pathway Financial Advisers LLC increased its stake in shares of VanEck Semiconductor ETF by 194.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock valued at $38,000 after purchasing an additional 101 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

Shares of NASDAQ:SMH opened at $249.62 on Tuesday. The firm has a market capitalization of $23.64 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a 1 year low of $193.72 and a 1 year high of $283.07. The business’s 50 day moving average price is $248.67 and its 200-day moving average price is $244.18.

VanEck Semiconductor ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were paid a dividend of $1.0713 per share. The ex-dividend date was Monday, December 23rd.

VanEck Semiconductor ETF Company Profile

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.