Hanseatic Management Services Inc. Cuts Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Hanseatic Management Services Inc. reduced its stake in VanEck Semiconductor ETF (NASDAQ:SMH) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,273 shares of the company’s stock after selling 173 shares during the quarter. VanEck Semiconductor ETF makes up 2.2% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 7th largest holding. Hanseatic Management Services Inc.’s holdings in VanEck Semiconductor ETF were worth $1,761,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SMH. Hsbc Holdings PLC boosted its holdings in VanEck Semiconductor ETF by 143.7% during the second quarter. Hsbc Holdings PLC now owns 13,426 shares of the company’s stock valued at $3,501,000 after acquiring an additional 7,916 shares during the period. AE Wealth Management LLC lifted its position in shares of VanEck Semiconductor ETF by 54.6% during the 2nd quarter. AE Wealth Management LLC now owns 17,599 shares of the company’s stock worth $4,588,000 after purchasing an additional 6,216 shares during the last quarter. Garden State Investment Advisory Services LLC lifted its position in shares of VanEck Semiconductor ETF by 3.8% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 13,769 shares of the company’s stock worth $3,590,000 after purchasing an additional 508 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in VanEck Semiconductor ETF by 75.1% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 774 shares of the company’s stock valued at $202,000 after purchasing an additional 332 shares during the period. Finally, Symmetry Investments LP acquired a new stake in VanEck Semiconductor ETF in the 2nd quarter valued at approximately $847,000.

VanEck Semiconductor ETF Stock Up 2.4 %

Shares of NASDAQ SMH opened at $258.25 on Friday. VanEck Semiconductor ETF has a 12 month low of $177.40 and a 12 month high of $283.07. The company has a market cap of $24.36 billion, a P/E ratio of 18.82 and a beta of 1.35. The business’s 50 day moving average is $247.11 and its two-hundred day moving average is $246.10.

VanEck Semiconductor ETF Announces Dividend

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