Provenance Wealth Advisors LLC Has $1.20 Million Holdings in VanEck Fabless Semiconductor ETF $SMHX

Provenance Wealth Advisors LLC cut its stake in shares of VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,271 shares of the company’s stock after selling 13,067 shares during the quarter. Provenance Wealth Advisors LLC owned approximately 0.80% of VanEck Fabless Semiconductor ETF worth $1,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Black Swift Group LLC bought a new stake in VanEck Fabless Semiconductor ETF in the 3rd quarter valued at about $13,243,000. LPL Financial LLC raised its position in shares of VanEck Fabless Semiconductor ETF by 1,263.0% during the fourth quarter. LPL Financial LLC now owns 121,307 shares of the company’s stock worth $4,613,000 after purchasing an additional 112,407 shares during the period. Assetmark Inc. raised its position in shares of VanEck Fabless Semiconductor ETF by 39.6% during the fourth quarter. Assetmark Inc. now owns 309,536 shares of the company’s stock worth $11,772,000 after purchasing an additional 87,839 shares during the period. Dakota Wealth Management acquired a new stake in VanEck Fabless Semiconductor ETF in the 4th quarter valued at $2,210,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of VanEck Fabless Semiconductor ETF by 4,130.5% in the third quarter. Tower Research Capital LLC TRC now owns 28,598 shares of the company’s stock valued at $1,095,000 after buying an additional 27,922 shares in the last quarter.

VanEck Fabless Semiconductor ETF Stock Performance

Shares of SMHX opened at $62.01 on Thursday. The firm has a market capitalization of $246.18 million, a P/E ratio of 41.26 and a beta of 2.40. VanEck Fabless Semiconductor ETF has a 52 week low of $30.41 and a 52 week high of $68.36. The stock has a 50 day moving average price of $57.16 and a two-hundred day moving average price of $45.28.

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.