VanEck Fabless Semiconductor ETF (NASDAQ:SMHX – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $51.65 and traded as low as $50.16. VanEck Fabless Semiconductor ETF shares last traded at $50.24, with a volume of 79,166 shares traded.
VanEck Fabless Semiconductor ETF Trading Down 2.9%
The firm has a market cap of $228.59 million, a price-to-earnings ratio of 41.26 and a beta of 2.37. The company’s 50-day moving average is $57.09 and its 200-day moving average is $51.65.
Institutional Investors Weigh In On VanEck Fabless Semiconductor ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brookstone Capital Management bought a new position in shares of VanEck Fabless Semiconductor ETF in the 3rd quarter valued at $211,000. Concorde Asset Management LLC acquired a new position in shares of VanEck Fabless Semiconductor ETF during the 2nd quarter worth $283,000. Western Wealth Management LLC acquired a new position in shares of VanEck Fabless Semiconductor ETF during the 1st quarter worth $178,000. Center For Asset Management LLC raised its holdings in shares of VanEck Fabless Semiconductor ETF by 125.1% during the 3rd quarter. Center For Asset Management LLC now owns 7,163 shares of the company’s stock worth $434,000 after buying an additional 3,981 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position 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 buying an additional 1,129 shares during the last quarter.
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.
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