VanEck Fabless Semiconductor ETF $SMHX Shares Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its stake in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) by 40.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 45,338 shares of the company’s stock after purchasing an additional 13,067 shares during the quarter. Provenance Wealth Advisors LLC owned 1.00% of VanEck Fabless Semiconductor ETF worth $2,748,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. lifted its stake in VanEck Fabless Semiconductor ETF by 22.1% in 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. MinichMacGregor Wealth Management LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF during the third quarter valued at about $2,568,000. Echo45 Advisors LLC increased its position in shares of VanEck Fabless Semiconductor ETF by 3.4% during the third quarter. Echo45 Advisors LLC now owns 17,480 shares of the company’s stock valued at $1,059,000 after buying an additional 578 shares during the period. Columbus Macro LLC increased its position in shares of VanEck Fabless Semiconductor ETF by 21.9% during the third quarter. Columbus Macro LLC now owns 14,052 shares of the company’s stock valued at $852,000 after buying an additional 2,528 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in VanEck Fabless Semiconductor ETF in the third quarter worth about $741,000.

VanEck Fabless Semiconductor ETF Price Performance

Shares of SMHX opened at $51.80 on Wednesday. VanEck Fabless Semiconductor ETF has a one year low of $34.53 and a one year high of $68.36. The company has a 50-day simple moving average of $57.05 and a two-hundred day simple moving average of $51.72. The firm has a market capitalization of $235.69 million, a PE ratio of 41.26 and a beta of 2.37.

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.