Hsbc Holdings PLC Sells 6,953 Shares of VanEck Semiconductor ETF (NASDAQ:SMH)

Posted by Defense World Staff on Feb 26th, 2023

Hsbc Holdings PLC trimmed its stake in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Get Rating) by 21.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,683 shares of the company’s stock after selling 6,953 shares during the quarter. Hsbc Holdings PLC owned 0.08% of VanEck Semiconductor ETF worth $4,800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Income Solutions Inc increased its stake in VanEck Semiconductor ETF by 26.1% in the 1st quarter. Retirement Income Solutions Inc now owns 1,695 shares of the company’s stock worth $457,000 after acquiring an additional 351 shares during the last quarter. TradeLink Capital LLC bought a new position in VanEck Semiconductor ETF in the 1st quarter worth about $1,052,000. JPMorgan Chase & Co. increased its stake in VanEck Semiconductor ETF by 44.3% in the 1st quarter. JPMorgan Chase & Co. now owns 37,718 shares of the company’s stock worth $10,176,000 after acquiring an additional 11,584 shares during the last quarter. Synovus Financial Corp increased its stake in VanEck Semiconductor ETF by 12.4% in the 1st quarter. Synovus Financial Corp now owns 905 shares of the company’s stock worth $244,000 after acquiring an additional 100 shares during the last quarter. Finally, Cibc World Market Inc. increased its stake in VanEck Semiconductor ETF by 190.0% in the 1st quarter. Cibc World Market Inc. now owns 19,587 shares of the company’s stock worth $5,284,000 after acquiring an additional 12,834 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 1.8 %

Shares of NASDAQ SMH opened at $238.21 on Friday. The firm has a market capitalization of $7.37 billion, a P/E ratio of 17.19 and a beta of 1.30. The stock’s 50-day simple moving average is $227.74 and its two-hundred day simple moving average is $215.02. VanEck Semiconductor ETF has a twelve month low of $166.97 and a twelve month high of $284.42.

VanEck Semiconductor ETF Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 23rd. Stockholders of record on Tuesday, December 20th were issued a $2.401 dividend. This is a boost from VanEck Semiconductor ETF’s previous annual dividend of $1.57. This represents a dividend yield of 1.15%. The ex-dividend date was Monday, December 19th.

VanEck Semiconductor ETF Company Profile

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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.