VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report)’s stock price dropped 0.8% on Wednesday . The stock traded as low as $60.84 and last traded at $62.01. Approximately 169,911 shares traded hands during trading, an increase of 52% from the average session volume of 111,421 shares. The stock had previously closed at $62.49.
VanEck Fabless Semiconductor ETF Trading Down 3.5%
The business has a fifty day moving average price of $57.51 and a two-hundred day moving average price of $45.43. The company has a market cap of $237.29 million, a price-to-earnings ratio of 41.26 and a beta of 2.40.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SMHX. Steward Partners Investment Advisory LLC acquired a new stake in shares of VanEck Fabless Semiconductor ETF during the 4th quarter valued at $26,000. Global Retirement Partners LLC increased its stake in shares of 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 acquiring an additional 974 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF during the fourth quarter worth $79,000. Western Wealth Management LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF during the first quarter worth $178,000. Finally, Ameritas Advisory Services LLC acquired a new stake in VanEck Fabless Semiconductor ETF during the fourth quarter valued at $202,000.
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.
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