Avalon Capital Management Purchases 10,155 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Avalon Capital Management grew its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 46.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,957 shares of the company’s stock after acquiring an additional 10,155 shares during the quarter. VanEck Semiconductor ETF accounts for 2.5% of Avalon Capital Management’s holdings, making the stock its 8th biggest position. Avalon Capital Management’s holdings in VanEck Semiconductor ETF were worth $7,739,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SMH. FourThought Financial Partners LLC acquired a new stake in shares of VanEck Semiconductor ETF in the 4th quarter valued at approximately $433,000. Bank of New York Mellon Corp increased its stake in shares of VanEck Semiconductor ETF by 31.5% during the 4th quarter. Bank of New York Mellon Corp now owns 25,916 shares of the company’s stock worth $6,276,000 after purchasing an additional 6,215 shares during the last quarter. EdgeRock Capital LLC grew its holdings in VanEck Semiconductor ETF by 31.7% during the fourth quarter. EdgeRock Capital LLC now owns 1,733 shares of the company’s stock worth $420,000 after purchasing an additional 417 shares during the period. Transcendent Capital Group LLC acquired a new position in VanEck Semiconductor ETF during the fourth quarter worth approximately $38,000. Finally, Edge Capital Group LLC raised its stake in VanEck Semiconductor ETF by 6.9% in the fourth quarter. Edge Capital Group LLC now owns 18,785 shares of the company’s stock valued at $4,549,000 after buying an additional 1,210 shares during the period.

VanEck Semiconductor ETF Trading Down 2.6 %

Shares of NASDAQ SMH opened at $243.42 on Tuesday. The stock has a 50 day moving average of $249.59 and a 200-day moving average of $246.02. VanEck Semiconductor ETF has a 12 month low of $198.44 and a 12 month high of $283.07. The company has a market capitalization of $23.05 billion, a P/E ratio of 18.82 and a beta of 1.35.

VanEck Semiconductor ETF Dividend Announcement

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

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.