Shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report) were up 3.7% on Friday . The stock traded as high as $55.84 and last traded at $55.83. Approximately 95,046 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 88,622 shares. The stock had previously closed at $53.86.
VanEck Fabless Semiconductor ETF Trading Up 3.7%
The firm has a market capitalization of $221.65 million, a P/E ratio of 41.26 and a beta of 2.28. The business has a 50-day moving average of $41.74 and a 200 day moving average of $40.01.
Institutional Trading of VanEck Fabless Semiconductor ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMHX. Steward Partners Investment Advisory LLC bought a new stake in VanEck Fabless Semiconductor ETF in the 4th quarter valued at about $26,000. Global Retirement Partners LLC increased its position in VanEck Fabless Semiconductor ETF by 839.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock valued at $41,000 after buying an additional 974 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in VanEck Fabless Semiconductor ETF in the 4th quarter valued at about $79,000. Ameritas Advisory Services LLC bought a new stake in VanEck Fabless Semiconductor ETF in the 4th quarter valued at about $202,000. Finally, Advisory Services Network LLC bought a new stake in VanEck Fabless Semiconductor ETF in the 3rd quarter valued at about $215,000.
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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