VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) was down 2.3% during trading on Monday. The company traded as low as $59.47 and last traded at $60.04. 37,619 shares changed hands during trading, a decline of 61% from the average session volume of 97,261 shares. The stock had previously closed at $61.48.
VanEck Fabless Semiconductor ETF Price Performance
The stock has a market cap of $271.98 million, a P/E ratio of 41.26 and a beta of 2.42. The company has a fifty day moving average of $56.67 and a 200 day moving average of $54.10.
Institutional Trading of VanEck Fabless Semiconductor ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its holdings in VanEck Fabless Semiconductor ETF by 22.1% during the first quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock worth $14,067,000 after acquiring an additional 68,436 shares during the period. Maridea Wealth Management LLC acquired a new stake in VanEck Fabless Semiconductor ETF in the 1st quarter valued at about $259,000. Western Wealth Management LLC acquired a new stake in VanEck Fabless Semiconductor ETF in the 1st quarter valued at about $178,000. Concorde Asset Management LLC acquired a new position in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter worth approximately $283,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of VanEck Fabless Semiconductor ETF by 24.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,550 shares of the company’s stock worth $610,000 after purchasing an additional 1,893 shares during the last quarter.
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.
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