42,362 Shares of VanEck Fabless Semiconductor ETF $SMHX Acquired by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC bought a new stake in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) during the third quarter, HoldingsChannel.com reports. The fund bought 42,362 shares of the company’s stock, valued at approximately $2,568,000.

Other hedge funds also recently bought and sold shares of the company. Concorde Asset Management LLC bought a new stake in VanEck Fabless Semiconductor ETF during the 2nd quarter valued at $283,000. Western Wealth Management LLC purchased a new position in shares of VanEck Fabless Semiconductor ETF in the first quarter worth about $178,000. Maridea Wealth Management LLC acquired a new stake in VanEck Fabless Semiconductor ETF during the 1st quarter worth about $259,000. Cetera Investment Advisers grew its stake in shares of VanEck Fabless Semiconductor ETF by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 8,236 shares of the company’s stock worth $307,000 after purchasing an additional 1,129 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in VanEck Fabless Semiconductor ETF by 24.7% in the second quarter. Envestnet Asset Management Inc. now owns 9,550 shares of the company’s stock valued at $610,000 after purchasing an additional 1,893 shares during the period.

VanEck Fabless Semiconductor ETF Trading Down 3.8%

NASDAQ:SMHX traded down $2.29 during trading hours on Wednesday, hitting $57.36. 24,401 shares of the stock were exchanged, compared to its average volume of 96,104. VanEck Fabless Semiconductor ETF has a 52-week low of $34.53 and a 52-week high of $68.36. The company has a market cap of $262.12 million, a P/E ratio of 41.26 and a beta of 2.37. The firm’s fifty day moving average price is $58.04 and its 200 day moving average price is $55.97.

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.