Elevate Capital Advisors LLC Makes New Investment in VanEck Semiconductor ETF (NASDAQ:SMH)

Elevate Capital Advisors LLC bought a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,648 shares of the company’s stock, valued at approximately $399,000.

Other institutional investors have also recently made changes to their positions in the company. Hartford Financial Management Inc. grew its stake in VanEck Semiconductor ETF by 61.9% in the fourth quarter. Hartford Financial Management Inc. now owns 102 shares of the company’s stock worth $25,000 after purchasing an additional 39 shares during the period. Mather Group LLC. boosted its holdings in shares of VanEck Semiconductor ETF by 320.0% during the 4th quarter. Mather Group LLC. now owns 105 shares of the company’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $28,000. Darwin Wealth Management LLC bought a new position in shares of VanEck Semiconductor ETF in the 3rd quarter worth about $29,000. Finally, Pathway Financial Advisers LLC lifted its position in VanEck Semiconductor ETF by 194.2% during the 3rd 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 period.

VanEck Semiconductor ETF Price Performance

NASDAQ:SMH opened at $245.00 on Monday. The firm has a market capitalization of $23.20 billion, a P/E ratio of 18.82 and a beta of 1.35. VanEck Semiconductor ETF has a one year low of $193.72 and a one year high of $283.07. The company’s 50-day simple moving average is $248.67 and its 200 day simple moving average is $244.15.

VanEck Semiconductor ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were given 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.