Woodmont Investment Counsel LLC Trims Stock Holdings in VanEck Semiconductor ETF $SMH

Woodmont Investment Counsel LLC lowered its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,785 shares of the company’s stock after selling 3,486 shares during the period. Woodmont Investment Counsel LLC’s holdings in VanEck Semiconductor ETF were worth $8,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Trust Co. of Toledo NA OH purchased a new position in VanEck Semiconductor ETF in the second quarter worth $25,000. Realta Investment Advisors lifted its position in VanEck Semiconductor ETF by 84.4% in the third quarter. Realta Investment Advisors now owns 83 shares of the company’s stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. Hilltop National Bank bought a new stake in VanEck Semiconductor ETF during the 2nd quarter valued at $28,000. Fourth Dimension Wealth LLC bought a new position in shares of VanEck Semiconductor ETF during the second quarter valued at about $28,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in VanEck Semiconductor ETF by 61.1% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 116 shares of the company’s stock worth $31,000 after buying an additional 44 shares during the period.

VanEck Semiconductor ETF Price Performance

Shares of SMH opened at $403.43 on Monday. VanEck Semiconductor ETF has a one year low of $170.11 and a one year high of $420.60. The company has a 50-day simple moving average of $373.54 and a two-hundred day simple moving average of $337.57. The firm has a market capitalization of $43.53 billion, a PE ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $1.1047 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 31.0%.

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.