FSA Wealth Partners Inc. Buys New Position in VanEck Semiconductor ETF $SMH

FSA Wealth Partners Inc. bought a new stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,817 shares of the company’s stock, valued at approximately $919,000.

Several other institutional investors and hedge funds have also modified their holdings of SMH. 5th Street Advisors LLC grew its position in shares of VanEck Semiconductor ETF by 9.8% during the 3rd quarter. 5th Street Advisors LLC now owns 11,510 shares of the company’s stock valued at $3,756,000 after acquiring an additional 1,029 shares during the period. Searle & CO. bought a new position in VanEck Semiconductor ETF in the 3rd quarter worth $205,000. Welch & Forbes LLC raised its holdings in VanEck Semiconductor ETF by 6.7% in the 3rd quarter. Welch & Forbes LLC now owns 1,193 shares of the company’s stock worth $389,000 after purchasing an additional 75 shares during the period. Cornerstone Wealth Management LLC lifted its position in VanEck Semiconductor ETF by 9.2% during the third quarter. Cornerstone Wealth Management LLC now owns 22,689 shares of the company’s stock valued at $7,405,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Cahill Financial Advisors Inc. bought a new stake in VanEck Semiconductor ETF during the third quarter valued at about $205,000.

VanEck Semiconductor ETF Stock Down 3.4%

Shares of SMH opened at $403.46 on Friday. The business has a 50-day simple moving average of $373.54 and a two-hundred day simple moving average of $337.23. The stock has a market cap of $43.53 billion, a price-to-earnings ratio of 34.83 and a beta of 1.52. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $420.60.

VanEck Semiconductor ETF Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 31.0%.

VanEck Semiconductor ETF Company 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.