Jefferies Financial Group Inc. Buys 450,000 Shares of VanEck Fabless Semiconductor ETF $SMHX

Jefferies Financial Group Inc. purchased a new stake in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 450,000 shares of the company’s stock, valued at approximately $27,274,000. Jefferies Financial Group Inc. owned approximately 0.10% of VanEck Fabless Semiconductor ETF at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new position in VanEck Fabless Semiconductor ETF in the 3rd quarter worth about $557,000. Provenance Wealth Advisors LLC lifted its stake in VanEck Fabless Semiconductor ETF by 40.5% in the third quarter. Provenance Wealth Advisors LLC now owns 45,338 shares of the company’s stock worth $2,748,000 after purchasing an additional 13,067 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the third quarter valued at about $741,000. Brookstone Capital Management bought a new position in shares of VanEck Fabless Semiconductor ETF during the third quarter valued at about $211,000. Finally, Center For Asset Management LLC grew its stake in shares of VanEck Fabless Semiconductor ETF by 125.1% during the third quarter. Center For Asset Management LLC now owns 7,163 shares of the company’s stock valued at $434,000 after buying an additional 3,981 shares during the last quarter.

VanEck Fabless Semiconductor ETF Price Performance

Shares of VanEck Fabless Semiconductor ETF stock opened at $51.52 on Thursday. The business’s 50 day simple moving average is $56.24 and its two-hundred day simple moving average is $51.99. The stock has a market capitalization of $241.11 million, a P/E ratio of 37.82 and a beta of 2.46. VanEck Fabless Semiconductor ETF has a one year low of $34.53 and a one year 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.