221,697 Shares in VanEck Fabless Semiconductor ETF $SMHX Bought by Assetmark Inc.

Assetmark Inc. bought a new stake in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 221,697 shares of the company’s stock, valued at approximately $8,487,000. Assetmark Inc. owned approximately 5.41% of VanEck Fabless Semiconductor ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jane Street Group LLC bought a new stake in VanEck Fabless Semiconductor ETF in the second quarter worth $434,000. Lokken Investment Group LLC lifted its stake in shares of VanEck Fabless Semiconductor ETF by 2.3% in the 3rd quarter. Lokken Investment Group LLC now owns 56,451 shares of the company’s stock valued at $2,161,000 after acquiring an additional 1,284 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the 3rd quarter valued at about $243,000. Finally, PNC Financial Services Group Inc. purchased a new stake in VanEck Fabless Semiconductor ETF during the 2nd quarter valued at about $31,000.

VanEck Fabless Semiconductor ETF Stock Up 0.2%

Shares of SMHX opened at $39.33 on Tuesday. The stock has a market capitalization of $164.40 million, a P/E ratio of 41.26 and a beta of 1.75. VanEck Fabless Semiconductor ETF has a twelve month low of $18.46 and a twelve month high of $42.60. The firm has a fifty day simple moving average of $39.05 and a two-hundred day simple moving average of $38.14.

VanEck Fabless Semiconductor ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.009 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 2.0%.

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.