Gateway Wealth Partners LLC Purchases 184 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Gateway Wealth Partners LLC raised its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,470 shares of the company’s stock after buying an additional 184 shares during the period. Gateway Wealth Partners LLC’s holdings in VanEck Semiconductor ETF were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SMH. Mendota Financial Group LLC bought a new stake in shares of VanEck Semiconductor ETF during the third quarter worth about $25,000. Financial Management Professionals Inc. purchased a new position in VanEck Semiconductor ETF in the third quarter valued at about $28,000. Darwin Wealth Management LLC purchased a new position in VanEck Semiconductor ETF in the third quarter valued at about $29,000. Pathway Financial Advisers LLC boosted its stake in VanEck Semiconductor ETF by 194.2% in the third quarter. Pathway Financial Advisers LLC now owns 153 shares of the company’s stock valued at $38,000 after acquiring an additional 101 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in VanEck Semiconductor ETF by 80.2% in the fourth quarter. Fifth Third Bancorp now owns 155 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares during the last quarter.

VanEck Semiconductor ETF Stock Up 2.0 %

SMH opened at $240.45 on Wednesday. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a twelve month low of $184.15 and a twelve month high of $283.07. The company’s 50-day moving average price is $248.50 and its two-hundred day moving average price is $245.19.

VanEck Semiconductor ETF Announces Dividend

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

About VanEck Semiconductor ETF

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.