VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Trading Up 2.2% – Still a Buy?

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) shares traded up 2.2% during trading on Wednesday . The stock traded as high as $39.34 and last traded at $39.32. 57,886 shares were traded during trading, a decline of 47% from the average session volume of 109,939 shares. The stock had previously closed at $38.49.

VanEck Fabless Semiconductor ETF Price Performance

The stock has a 50 day simple moving average of $38.86 and a two-hundred day simple moving average of $34.86. The company has a market cap of $161.21 million, a PE ratio of 41.26 and a beta of 1.75.

Institutional Trading of VanEck Fabless Semiconductor ETF

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new position in shares of VanEck Fabless Semiconductor ETF during the second quarter worth about $31,000. Advisory Services Network LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the 3rd quarter valued at approximately $215,000. Apollon Wealth Management LLC acquired a new stake in VanEck Fabless Semiconductor ETF during the 3rd quarter worth approximately $243,000. Pennsylvania Capital Management Inc. ADV acquired a new stake in VanEck Fabless Semiconductor ETF during the 2nd quarter worth approximately $290,000. Finally, Grimes & Company Inc. purchased a new position in shares of VanEck Fabless Semiconductor ETF in the 2nd quarter valued at approximately $428,000.

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.