Assetmark Inc. lifted its stake in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Free Report) by 22.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 377,972 shares of the company’s stock after purchasing an additional 68,436 shares during the quarter. Assetmark Inc. owned about 9.52% of VanEck Fabless Semiconductor ETF worth $14,067,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in VanEck Fabless Semiconductor ETF during the 4th quarter valued at about $26,000. Global Retirement Partners LLC lifted its position in VanEck Fabless Semiconductor ETF by 839.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock worth $41,000 after purchasing an additional 974 shares during the period. Farther Finance Advisors LLC bought a new position in VanEck Fabless Semiconductor ETF during the 4th quarter valued at $79,000. Ameritas Advisory Services LLC acquired a new position in shares of VanEck Fabless Semiconductor ETF during the 4th quarter valued at $202,000. Finally, Advisory Services Network LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF in the 3rd quarter worth $215,000.
VanEck Fabless Semiconductor ETF Stock Down 0.2%
Shares of VanEck Fabless Semiconductor ETF stock opened at $55.36 on Monday. The firm has a market cap of $261.30 million, a price-to-earnings ratio of 41.26 and a beta of 2.37. The business has a fifty day simple moving average of $60.67 and a 200-day simple moving average of $47.80. VanEck Fabless Semiconductor ETF has a fifty-two week low of $31.99 and a fifty-two week high of $68.36.
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.
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