Dakota Wealth Management Acquires Shares of 58,115 VanEck Fabless Semiconductor ETF $SMHX

Dakota Wealth Management bought a new position in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 58,115 shares of the company’s stock, valued at approximately $2,210,000. Dakota Wealth Management owned 1.33% of VanEck Fabless Semiconductor ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Black Swift Group LLC bought a new position in shares of VanEck Fabless Semiconductor ETF in the third quarter worth about $13,243,000. Assetmark Inc. bought a new stake in VanEck Fabless Semiconductor ETF during the 3rd quarter valued at about $8,487,000. Susquehanna International Group LLP lifted its holdings in VanEck Fabless Semiconductor ETF by 50.3% during the 3rd quarter. Susquehanna International Group LLP now owns 30,223 shares of the company’s stock valued at $1,157,000 after buying an additional 10,115 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in VanEck Fabless Semiconductor ETF by 4,130.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 28,598 shares of the company’s stock valued at $1,095,000 after buying an additional 27,922 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in VanEck Fabless Semiconductor ETF in the 2nd quarter valued at about $434,000.

VanEck Fabless Semiconductor ETF Price Performance

Shares of SMHX stock opened at $36.26 on Friday. The company has a market capitalization of $151.57 million, a P/E ratio of 41.26 and a beta of 1.75. The company’s 50-day simple moving average is $38.75 and its two-hundred day simple moving average is $38.73. VanEck Fabless Semiconductor ETF has a one year low of $18.46 and a one year high of $42.60.

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.