Echo45 Advisors LLC lessened its position in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Free Report) by 35.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 16,902 shares of the company’s stock after selling 9,340 shares during the quarter. Echo45 Advisors LLC’s holdings in VanEck Fabless Semiconductor ETF were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in VanEck Fabless Semiconductor ETF in the fourth quarter valued at approximately $26,000. Global Retirement Partners LLC boosted its holdings in shares of VanEck Fabless Semiconductor ETF by 839.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock valued at $41,000 after acquiring an additional 974 shares during the period. Western Wealth Management LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF during the first quarter worth approximately $178,000. Ameritas Advisory Services LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF during the fourth quarter worth approximately $202,000. Finally, Advisory Services Network LLC acquired a new position in shares of VanEck Fabless Semiconductor ETF in the 3rd quarter valued at $215,000.
VanEck Fabless Semiconductor ETF Price Performance
SMHX stock opened at $56.03 on Friday. The company has a fifty day moving average price of $57.31 and a 200 day moving average price of $51.91. VanEck Fabless Semiconductor ETF has a 12 month low of $34.53 and a 12 month high of $68.36. The company has a market cap of $254.94 million, a price-to-earnings ratio of 41.26 and a beta of 2.42.
VanEck Fabless Semiconductor ETF Company Profile
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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