VanEck Semiconductor ETF $SMH Shares Purchased by Cresset Asset Management LLC

Cresset Asset Management LLC raised its position in VanEck Semiconductor ETF (NASDAQ:SMH) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,769 shares of the company’s stock after purchasing an additional 1,348 shares during the quarter. Cresset Asset Management LLC’s holdings in VanEck Semiconductor ETF were worth $7,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SMH. Wealth Enhancement Advisory Services LLC grew its holdings in shares of VanEck Semiconductor ETF by 5.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 32,403 shares of the company’s stock valued at $10,921,000 after purchasing an additional 1,666 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of VanEck Semiconductor ETF in the third quarter worth $1,934,000. Element Wealth LLC purchased a new stake in shares of VanEck Semiconductor ETF during the third quarter worth $515,000. AE Wealth Management LLC increased its position in shares of VanEck Semiconductor ETF by 168.8% during the second quarter. AE Wealth Management LLC now owns 49,509 shares of the company’s stock worth $13,807,000 after acquiring an additional 31,089 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of VanEck Semiconductor ETF by 136.2% in the third quarter. Farther Finance Advisors LLC now owns 10,450 shares of the company’s stock valued at $3,407,000 after acquiring an additional 6,026 shares in the last quarter.

VanEck Semiconductor ETF Price Performance

SMH opened at $395.35 on Friday. The business has a fifty day moving average price of $396.88 and a 200 day moving average price of $355.92. VanEck Semiconductor ETF has a 12 month low of $170.11 and a 12 month high of $427.94. The stock has a market capitalization of $43.21 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

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

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.