Provenance Wealth Advisors LLC trimmed its holdings in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Free Report) by 28.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,271 shares of the company’s stock after selling 13,067 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in VanEck Fabless Semiconductor ETF were worth $1,201,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF in the 4th quarter worth about $26,000. Global Retirement Partners LLC grew its position in VanEck Fabless Semiconductor ETF by 839.7% during the fourth 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 during the period. Farther Finance Advisors LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the fourth quarter worth about $79,000. Ameritas Advisory Services LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the fourth quarter worth about $202,000. Finally, Advisory Services Network LLC bought a new stake in VanEck Fabless Semiconductor ETF in the third quarter worth about $215,000.
VanEck Fabless Semiconductor ETF Stock Down 0.8%
SMHX opened at $62.01 on Thursday. The stock has a market cap of $246.18 million, a price-to-earnings ratio of 41.26 and a beta of 2.40. VanEck Fabless Semiconductor ETF has a twelve month low of $30.41 and a twelve month high of $68.36. The company’s 50-day moving average price is $57.16 and its two-hundred day moving average price is $45.28.
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.
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