Black Swift Group LLC Makes New $13.24 Million Investment in VanEck Fabless Semiconductor ETF $SMHX

Black Swift Group LLC acquired a new position in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 345,960 shares of the company’s stock, valued at approximately $13,243,000. VanEck Fabless Semiconductor ETF comprises 2.3% of Black Swift Group LLC’s portfolio, making the stock its 10th biggest position. Black Swift Group LLC owned 8.44% of VanEck Fabless Semiconductor ETF at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Assetmark Inc. purchased a new position in VanEck Fabless Semiconductor ETF in the 3rd quarter worth $8,487,000. Jane Street Group LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the second quarter valued at about $434,000. Apollon Wealth Management LLC purchased a new stake in VanEck Fabless Semiconductor ETF during the third quarter valued at about $243,000. Lokken Investment Group LLC grew its stake in shares of VanEck Fabless Semiconductor ETF by 2.3% during the third quarter. Lokken Investment Group LLC now owns 56,451 shares of the company’s stock valued at $2,161,000 after buying an additional 1,284 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of VanEck Fabless Semiconductor ETF during the second quarter valued at about $31,000.

VanEck Fabless Semiconductor ETF Trading Down 2.2%

SMHX opened at $37.02 on Friday. VanEck Fabless Semiconductor ETF has a 12 month low of $18.46 and a 12 month high of $42.60. The business’s 50-day moving average price is $39.14 and its 200-day moving average price is $38.50. The company has a market cap of $154.74 million, a P/E ratio of 41.26 and a beta of 1.75.

VanEck Fabless Semiconductor ETF Announces Dividend

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

VanEck Fabless Semiconductor ETF 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.