VanEck Fabless Semiconductor ETF $SMHX Shares Newly Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 42,362 shares of the company’s stock, valued at approximately $2,568,000. MinichMacGregor Wealth Management LLC owned approximately 0.93% of VanEck Fabless Semiconductor ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SMHX. Assetmark Inc. raised its position in VanEck Fabless Semiconductor ETF by 22.1% in the 1st quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock worth $14,067,000 after purchasing an additional 68,436 shares during the period. Maridea Wealth Management LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF during the first quarter valued at approximately $259,000. Western Wealth Management LLC bought a new position in VanEck Fabless Semiconductor ETF during the 1st quarter valued at about $178,000. Concorde Asset Management LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the second quarter valued at $283,000. Finally, Envestnet Asset Management Inc. increased its holdings in VanEck Fabless Semiconductor ETF by 24.7% during the second quarter. Envestnet Asset Management Inc. now owns 9,550 shares of the company’s stock valued at $610,000 after buying an additional 1,893 shares during the last quarter.

VanEck Fabless Semiconductor ETF Stock Down 3.8%

NASDAQ:SMHX traded down $2.29 on Wednesday, reaching $57.36. 24,401 shares of the company’s stock traded hands, compared to its average volume of 96,104. The stock has a 50-day simple moving average of $58.04 and a 200-day simple moving average of $55.97. VanEck Fabless Semiconductor ETF has a 12 month low of $34.53 and a 12 month high of $68.36. The firm has a market cap of $262.12 million, a PE ratio of 41.26 and a beta of 2.37.

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.