VanEck Fabless Semiconductor ETF $SMHX Shares Bought by Assetmark Inc.

Assetmark Inc. increased its holdings in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) by 22.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 0.10% of VanEck Fabless Semiconductor ETF worth $14,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new stake in VanEck Fabless Semiconductor ETF during the fourth quarter worth approximately $26,000. Global Retirement Partners LLC grew 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 buying an additional 974 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of VanEck Fabless Semiconductor ETF in the fourth quarter valued at $79,000. Ameritas Advisory Services LLC bought a new position in shares of VanEck Fabless Semiconductor ETF in the fourth quarter valued at $202,000. Finally, Advisory Services Network LLC bought a new position in shares of VanEck Fabless Semiconductor ETF in the third quarter valued at $215,000.

VanEck Fabless Semiconductor ETF Stock Performance

Shares of NASDAQ:SMHX opened at $55.36 on Monday. The company has a market capitalization of $261.30 million, a PE ratio of 41.26 and a beta of 2.37. The stock has a fifty day moving average of $60.67 and a 200-day moving average of $47.80. VanEck Fabless Semiconductor ETF has a one year low of $31.99 and a one year high of $68.36.

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.