Jefferies Financial Group Inc. Makes New Investment in VanEck Fabless Semiconductor ETF $SMHX

Jefferies Financial Group Inc. purchased a new position in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 450,000 shares of the company’s stock, valued at approximately $27,274,000. Jefferies Financial Group Inc. owned approximately 9.62% of VanEck Fabless Semiconductor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in shares of VanEck Fabless Semiconductor ETF by 22.1% during the 1st quarter. Assetmark Inc. now owns 377,972 shares of the company’s stock valued at $14,067,000 after acquiring an additional 68,436 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new position in VanEck Fabless Semiconductor ETF in the third quarter valued at about $2,568,000. Provenance Wealth Advisors LLC boosted its stake in shares of VanEck Fabless Semiconductor ETF by 40.5% during the third quarter. Provenance Wealth Advisors LLC now owns 45,338 shares of the company’s stock valued at $2,748,000 after purchasing an additional 13,067 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of VanEck Fabless Semiconductor ETF during the third quarter valued at about $741,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of VanEck Fabless Semiconductor ETF during the third quarter valued at about $557,000.

VanEck Fabless Semiconductor ETF Trading Up 4.9%

NASDAQ:SMHX opened at $51.52 on Thursday. The stock has a market cap of $241.11 million, a P/E ratio of 37.82 and a beta of 2.46. The stock’s 50-day moving average is $56.24 and its 200-day moving average is $51.99. VanEck Fabless Semiconductor ETF has a 1-year low of $34.53 and a 1-year high of $68.36.

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.