Assetmark Inc. Makes New $8.49 Million Investment in VanEck Fabless Semiconductor ETF $SMHX

Assetmark Inc. purchased a new stake in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 221,697 shares of the company’s stock, valued at approximately $8,487,000. Assetmark Inc. owned about 0.05% of VanEck Fabless Semiconductor ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new stake in shares of VanEck Fabless Semiconductor ETF during the second quarter worth about $31,000. Apollon Wealth Management LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF in the 3rd quarter valued at $243,000. Jane Street Group LLC acquired a new position in VanEck Fabless Semiconductor ETF during the 2nd quarter worth approximately $434,000. Finally, Lokken Investment Group LLC grew its holdings in VanEck Fabless Semiconductor ETF by 2.3% during the 3rd quarter. Lokken Investment Group LLC now owns 56,451 shares of the company’s stock valued at $2,161,000 after purchasing an additional 1,284 shares in the last quarter.

VanEck Fabless Semiconductor ETF Stock Up 0.2%

SMHX stock opened at $39.33 on Tuesday. VanEck Fabless Semiconductor ETF has a 52-week low of $18.46 and a 52-week high of $42.60. The stock’s 50 day moving average is $39.05 and its two-hundred day moving average is $38.14. The company has a market capitalization of $164.40 million, a PE ratio of 41.26 and a beta of 1.75.

VanEck Fabless Semiconductor ETF Announces Dividend

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

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.