12,226 Shares of VanEck Fabless Semiconductor ETF $SMHX Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,226 shares of the company’s stock, valued at approximately $741,000.

Several other hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its holdings in shares of VanEck Fabless Semiconductor ETF by 22.1% during the 1st quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock worth $14,067,000 after buying an additional 68,436 shares during the last quarter. MinichMacGregor Wealth Management LLC acquired a new position in VanEck Fabless Semiconductor ETF in the third quarter valued at approximately $2,568,000. Echo45 Advisors LLC lifted its holdings in VanEck Fabless Semiconductor ETF by 3.4% in the third quarter. Echo45 Advisors LLC now owns 17,480 shares of the company’s stock valued at $1,059,000 after acquiring an additional 578 shares during the last quarter. Columbus Macro LLC lifted its holdings in VanEck Fabless Semiconductor ETF by 21.9% in the third quarter. Columbus Macro LLC now owns 14,052 shares of the company’s stock valued at $852,000 after acquiring an additional 2,528 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in VanEck Fabless Semiconductor ETF by 24.7% in the second quarter. Envestnet Asset Management Inc. now owns 9,550 shares of the company’s stock worth $610,000 after acquiring an additional 1,893 shares during the period.

VanEck Fabless Semiconductor ETF Stock Performance

Shares of VanEck Fabless Semiconductor ETF stock opened at $50.27 on Thursday. The stock has a 50 day moving average of $56.96 and a 200 day moving average of $51.77. The firm has a market capitalization of $235.26 million, a price-to-earnings ratio of 41.26 and a beta of 2.46. VanEck Fabless Semiconductor ETF has a fifty-two week low of $34.53 and a fifty-two week high of $68.36.

About VanEck Fabless Semiconductor ETF

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.