Provenance Wealth Advisors LLC increased its position in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Free Report) by 40.5% in the third quarter, Holdings Channel.com reports. The fund owned 45,338 shares of the company’s stock after purchasing an additional 13,067 shares during the period. Provenance Wealth Advisors LLC’s holdings in VanEck Fabless Semiconductor ETF were worth $2,748,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMHX. Brookstone Capital Management purchased a new stake in VanEck Fabless Semiconductor ETF during the 3rd quarter valued at $211,000. Concorde Asset Management LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter worth $283,000. Western Wealth Management LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF in the first quarter worth $178,000. Center For Asset Management LLC raised its stake in shares of VanEck Fabless Semiconductor ETF by 125.1% in the third quarter. Center For Asset Management LLC now owns 7,163 shares of the company’s stock worth $434,000 after purchasing an additional 3,981 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of VanEck Fabless Semiconductor ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 8,236 shares of the company’s stock worth $307,000 after purchasing an additional 1,129 shares during the last quarter.
VanEck Fabless Semiconductor ETF Price Performance
Shares of NASDAQ:SMHX opened at $51.80 on Wednesday. The company has a market cap of $235.69 million, a P/E ratio of 41.26 and a beta of 2.37. VanEck Fabless Semiconductor ETF has a 1 year low of $34.53 and a 1 year high of $68.36. The stock’s fifty day moving average price is $57.05 and its 200-day moving average price is $51.72.
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.
Read More
- Five stocks we like better than VanEck Fabless Semiconductor ETF
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding SMHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Free Report).
Receive News & Ratings for VanEck Fabless Semiconductor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Fabless Semiconductor ETF and related companies with MarketBeat.com's FREE daily email newsletter.
