Bright Futures Wealth Management LLC. Invests $1.93 Million in VanEck Semiconductor ETF $SMH

Bright Futures Wealth Management LLC. acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,927 shares of the company’s stock, valued at approximately $1,934,000. VanEck Semiconductor ETF makes up about 1.5% of Bright Futures Wealth Management LLC.’s holdings, making the stock its 19th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Realta Investment Advisors boosted its holdings in VanEck Semiconductor ETF by 84.4% during the 3rd quarter. Realta Investment Advisors now owns 83 shares of the company’s stock valued at $27,000 after acquiring an additional 38 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of VanEck Semiconductor ETF in the second quarter valued at approximately $28,000. Sound Income Strategies LLC grew its holdings in shares of VanEck Semiconductor ETF by 175.8% in the third quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $31,000 after purchasing an additional 58 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in VanEck Semiconductor ETF during the 3rd quarter worth approximately $31,000. Finally, CX Institutional lifted its holdings in VanEck Semiconductor ETF by 288.5% during the 3rd quarter. CX Institutional now owns 101 shares of the company’s stock worth $33,000 after buying an additional 75 shares in the last quarter.

VanEck Semiconductor ETF Stock Down 1.4%

Shares of SMH stock opened at $406.37 on Monday. The firm has a 50 day moving average of $394.07 and a two-hundred day moving average of $353.93. The stock has a market capitalization of $44.41 billion, a PE ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $427.94.

VanEck Semiconductor ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $1.1047 dividend. The ex-dividend date was Monday, December 22nd. This represents a yield of 31.0%.

VanEck Semiconductor ETF 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.