Forefront Wealth Partners LLC Has $1.19 Million Holdings in VanEck Semiconductor ETF $SMH

Forefront Wealth Partners LLC cut its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 29.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,644 shares of the company’s stock after selling 1,543 shares during the period. Forefront Wealth Partners LLC’s holdings in VanEck Semiconductor ETF were worth $1,189,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in VanEck Semiconductor ETF by 93.3% in the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after acquiring an additional 703,799 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in VanEck Semiconductor ETF by 15.5% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 573,500 shares of the company’s stock valued at $159,938,000 after purchasing an additional 77,000 shares during the last quarter. Raymond James Financial Inc. grew its holdings in VanEck Semiconductor ETF by 8.3% during the second quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock worth $149,198,000 after purchasing an additional 40,831 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in VanEck Semiconductor ETF by 8.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 485,249 shares of the company’s stock worth $135,326,000 after buying an additional 37,955 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its position in VanEck Semiconductor ETF by 26.0% during the second quarter. Meitav Investment House Ltd. now owns 475,332 shares of the company’s stock worth $132,605,000 after buying an additional 97,941 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 0.2%

NASDAQ:SMH opened at $363.31 on Wednesday. VanEck Semiconductor ETF has a 12-month low of $170.11 and a 12-month high of $375.59. The firm has a market capitalization of $36.47 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. The stock’s 50 day moving average price is $354.16 and its two-hundred day moving average price is $318.89.

VanEck Semiconductor ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $1.1047 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 31.0%.

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.