Rappaport Reiches Capital Management LLC Cuts Holdings in VanEck Semiconductor ETF (NASDAQ:SMH)

Rappaport Reiches Capital Management LLC decreased its holdings in VanEck Semiconductor ETF (NASDAQ:SMH) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,141 shares of the company’s stock after selling 794 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SMH. RFG Advisory LLC bought a new position in shares of VanEck Semiconductor ETF in the 4th quarter worth $307,000. Cornerstone Wealth Management LLC grew its stake in VanEck Semiconductor ETF by 4.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 14,824 shares of the company’s stock valued at $3,590,000 after purchasing an additional 621 shares during the last quarter. Red Door Wealth Management LLC bought a new position in VanEck Semiconductor ETF in the fourth quarter worth about $486,000. Madrona Financial Services LLC lifted its position in shares of VanEck Semiconductor ETF by 468.8% during the fourth quarter. Madrona Financial Services LLC now owns 14,596 shares of the company’s stock valued at $3,535,000 after buying an additional 12,030 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of VanEck Semiconductor ETF by 2.3% during the fourth quarter. Avior Wealth Management LLC now owns 5,171 shares of the company’s stock valued at $1,252,000 after buying an additional 118 shares during the last quarter.

VanEck Semiconductor ETF Stock Down 0.1 %

Shares of VanEck Semiconductor ETF stock opened at $266.85 on Friday. The company has a market cap of $25.31 billion, a P/E ratio of 18.82 and a beta of 1.35. The firm’s 50 day moving average price is $247.81 and its 200-day moving average price is $245.83. VanEck Semiconductor ETF has a 52-week low of $184.15 and a 52-week high of $283.07.

VanEck Semiconductor ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 24th. Shareholders of record on Monday, December 23rd were issued 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.