VanEck Fabless Semiconductor ETF $SMHX Shares Newly Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 12,226 shares of the company’s stock, valued at approximately $741,000. GRIMES & Co WEALTH MANAGEMENT LLC owned approximately 0.27% of VanEck Fabless Semiconductor ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Western Wealth Management LLC purchased a new stake in shares of VanEck Fabless Semiconductor ETF in the first quarter valued at approximately $178,000. Brookstone Capital Management purchased a new position in VanEck Fabless Semiconductor ETF during the third quarter worth approximately $211,000. Concorde Asset Management LLC purchased a new position in VanEck Fabless Semiconductor ETF during the second quarter worth approximately $283,000. Cetera Investment Advisers boosted its stake in VanEck Fabless Semiconductor ETF by 15.9% during the first 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. Finally, Center For Asset Management LLC boosted its stake in VanEck Fabless Semiconductor ETF by 125.1% during the third 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 during the last quarter.

VanEck Fabless Semiconductor ETF Stock Down 3.0%

Shares of NASDAQ:SMHX opened at $50.27 on Thursday. The business has a fifty day moving average of $56.96 and a two-hundred day moving average of $51.77. The stock has a market cap of $235.26 million, a P/E ratio of 41.26 and a beta of 2.46. VanEck Fabless Semiconductor ETF has a 52-week low of $34.53 and a 52-week high of $68.36.

VanEck Fabless Semiconductor ETF 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.