VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Trading 0.2% Higher – Should You Buy?

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) shares rose 0.2% during mid-day trading on Friday . The stock traded as high as $39.66 and last traded at $39.33. Approximately 60,371 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 96,206 shares. The stock had previously closed at $39.27.

VanEck Fabless Semiconductor ETF Price Performance

The stock has a market capitalization of $164.40 million, a PE ratio of 41.26 and a beta of 1.75. The stock’s fifty day moving average is $39.07 and its 200-day moving average is $38.05.

VanEck Fabless Semiconductor ETF Announces Dividend

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

Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. HRT Financial LP raised its position in VanEck Fabless Semiconductor ETF by 9.3% during the fourth quarter. HRT Financial LP now owns 70,765 shares of the company’s stock worth $2,691,000 after acquiring an additional 6,029 shares during the period. Commonwealth Equity Services LLC grew its position in shares of VanEck Fabless Semiconductor ETF by 73.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,473 shares of the company’s stock valued at $360,000 after purchasing an additional 4,024 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF during the fourth quarter worth about $26,000. LPL Financial LLC raised its position in shares of VanEck Fabless Semiconductor ETF by 1,263.0% during the 4th quarter. LPL Financial LLC now owns 121,307 shares of the company’s stock worth $4,613,000 after purchasing an additional 112,407 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of VanEck Fabless Semiconductor ETF during the 4th quarter worth about $282,000.

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. SMHX was launched on Aug 27, 2024 and is issued by VanEck.