Red Door Wealth Management LLC Purchases Shares of 2,008 VanEck Semiconductor ETF (NASDAQ:SMH)

Red Door Wealth Management LLC acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,008 shares of the company’s stock, valued at approximately $486,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nvwm LLC increased its position in shares of VanEck Semiconductor ETF by 2.2% during the third quarter. Nvwm LLC now owns 1,867 shares of the company’s stock valued at $458,000 after acquiring an additional 41 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in VanEck Semiconductor ETF by 4.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,011 shares of the company’s stock valued at $248,000 after buying an additional 42 shares during the last quarter. Allworth Financial LP raised its position in shares of VanEck Semiconductor ETF by 5.1% during the 3rd quarter. Allworth Financial LP now owns 892 shares of the company’s stock valued at $219,000 after buying an additional 43 shares in the last quarter. Clarity Capital Partners LLC boosted its stake in VanEck Semiconductor ETF by 2.8% during the third quarter. Clarity Capital Partners LLC now owns 1,590 shares of the company’s stock worth $390,000 after buying an additional 44 shares during the period. Finally, Smith Anglin Financial LLC grew its stake in shares of VanEck Semiconductor ETF by 1.3% during the fourth quarter. Smith Anglin Financial LLC now owns 3,545 shares of the company’s stock valued at $859,000 after buying an additional 45 shares during the last quarter.

VanEck Semiconductor ETF Price Performance

VanEck Semiconductor ETF stock opened at $266.85 on Friday. VanEck Semiconductor ETF has a 1 year low of $184.15 and a 1 year high of $283.07. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 18.82 and a beta of 1.35. The firm has a 50-day moving average of $247.81 and a two-hundred day moving average of $245.83.

VanEck Semiconductor ETF Dividend Announcement

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 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.