VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Shares Down 1.3% – Here’s Why

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX)’s share price traded down 1.3% during trading on Friday . The company traded as low as $39.30 and last traded at $39.58. 51,207 shares traded hands during trading, a decline of 53% from the average session volume of 108,384 shares. The stock had previously closed at $40.09.

VanEck Fabless Semiconductor ETF Stock Down 1.3%

The stock has a 50-day moving average of $38.58 and a 200 day moving average of $37.34. The stock has a market cap of $170.99 million, a PE ratio of 41.26 and a beta of 1.75.

VanEck Fabless Semiconductor ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.009 dividend. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 2.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Black Swift Group LLC purchased a new stake in VanEck Fabless Semiconductor ETF in the third quarter valued at $13,243,000. Assetmark Inc. lifted its holdings in shares of VanEck Fabless Semiconductor ETF by 39.6% in the 4th quarter. Assetmark Inc. now owns 309,536 shares of the company’s stock valued at $11,772,000 after buying an additional 87,839 shares during the period. Dakota Wealth Management purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the fourth quarter worth about $2,210,000. Lokken Investment Group LLC grew its holdings in VanEck Fabless Semiconductor ETF by 2.3% during the third quarter. Lokken Investment Group LLC now owns 56,451 shares of the company’s stock worth $2,161,000 after acquiring an additional 1,284 shares during the period. Finally, Susquehanna International Group LLP grew its holdings in VanEck Fabless Semiconductor ETF by 50.3% during the third quarter. Susquehanna International Group LLP now owns 30,223 shares of the company’s stock worth $1,157,000 after acquiring an additional 10,115 shares during the period.

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.