VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) Shares Down 0.8% – What’s Next?

VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) shares were down 0.8% on Wednesday . The company traded as low as $60.84 and last traded at $62.01. 169,911 shares changed hands during trading, an increase of 52% from the average daily volume of 111,421 shares. The stock had previously closed at $62.49.

VanEck Fabless Semiconductor ETF Trading Down 0.8%

The company’s 50-day simple moving average is $57.16 and its 200-day simple moving average is $45.28. The stock has a market capitalization of $246.18 million, a price-to-earnings ratio of 41.26 and a beta of 2.40.

Institutional Trading of VanEck Fabless Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SMHX. Steward Partners Investment Advisory LLC bought a new position in VanEck Fabless Semiconductor ETF during the 4th quarter worth $26,000. Global Retirement Partners LLC lifted its holdings in VanEck Fabless Semiconductor ETF by 839.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,090 shares of the company’s stock worth $41,000 after buying an additional 974 shares during the period. BXM Wealth LLC grew its position in shares of VanEck Fabless Semiconductor ETF by 6.1% in the 4th quarter. BXM Wealth LLC now owns 19,195 shares of the company’s stock valued at $730,000 after buying an additional 1,100 shares during the last quarter. Cetera Investment Advisers grew its position in shares of VanEck Fabless Semiconductor ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 8,236 shares of the company’s stock valued at $307,000 after buying an additional 1,129 shares during the last quarter. Finally, Columbus Macro LLC increased its stake in shares of VanEck Fabless Semiconductor ETF by 13.5% in the first quarter. Columbus Macro LLC now owns 10,001 shares of the company’s stock valued at $372,000 after buying an additional 1,190 shares during the period.

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.