Echo45 Advisors LLC Lowers Holdings in VanEck Fabless Semiconductor ETF $SMHX

Echo45 Advisors LLC lowered its holdings in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) by 35.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,902 shares of the company’s stock after selling 9,340 shares during the period. Echo45 Advisors LLC owned approximately 0.37% of VanEck Fabless Semiconductor ETF worth $1,080,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in VanEck Fabless Semiconductor ETF during the 4th quarter worth approximately $26,000. Global Retirement Partners LLC increased its position in shares of VanEck Fabless Semiconductor ETF by 839.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock worth $41,000 after acquiring an additional 974 shares during the period. Western Wealth Management LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF during the first quarter worth $178,000. Ameritas Advisory Services LLC acquired a new stake in shares of VanEck Fabless Semiconductor ETF in the fourth quarter valued at $202,000. Finally, Advisory Services Network LLC purchased a new position in VanEck Fabless Semiconductor ETF in the third quarter valued at $215,000.

VanEck Fabless Semiconductor ETF Price Performance

SMHX opened at $56.03 on Friday. VanEck Fabless Semiconductor ETF has a 12 month low of $34.53 and a 12 month high of $68.36. The stock has a market capitalization of $254.94 million, a price-to-earnings ratio of 41.26 and a beta of 2.42. The business has a fifty day moving average price of $57.31 and a 200 day moving average price of $51.91.

VanEck Fabless Semiconductor ETF Company Profile

The VanEck Fabless Semiconductor ETF (SMHX) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks an index of US companies that design and develop semiconductor chips but outsources their manufacturing. Selection and weighting are based on free-float market capitalization. SMHX was launched on Aug 27, 2024 and is issued by VanEck.