Avidian Wealth Enterprises LLC Increases Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Avidian Wealth Enterprises LLC grew its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 63.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,475 shares of the company’s stock after acquiring an additional 1,737 shares during the period. Avidian Wealth Enterprises LLC’s holdings in VanEck Semiconductor ETF were worth $1,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in SMH. Towneley Capital Management Inc DE bought a new stake in shares of VanEck Semiconductor ETF in the fourth quarter worth about $281,000. Sovran Advisors LLC purchased a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at approximately $489,000. MADDEN SECURITIES Corp purchased a new position in shares of VanEck Semiconductor ETF during the fourth quarter valued at approximately $498,000. Pachira Investments Inc. boosted its position in shares of VanEck Semiconductor ETF by 18.6% during the fourth quarter. Pachira Investments Inc. now owns 1,097 shares of the company’s stock valued at $268,000 after buying an additional 172 shares during the period. Finally, Principle Wealth Partners LLC boosted its position in shares of VanEck Semiconductor ETF by 2.0% during the fourth quarter. Principle Wealth Partners LLC now owns 61,832 shares of the company’s stock valued at $14,974,000 after buying an additional 1,208 shares during the period.

VanEck Semiconductor ETF Stock Performance

Shares of NASDAQ SMH opened at $248.51 on Thursday. The firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The stock has a 50 day moving average price of $248.73 and a 200 day moving average price of $244.33. VanEck Semiconductor ETF has a 52-week low of $193.72 and a 52-week high of $283.07.

VanEck Semiconductor ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 24th. Investors of record on Monday, December 23rd were issued a $1.0713 dividend. 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.