ARQ Wealth Advisors LLC Takes Position in VanEck Pharmaceutical ETF $PPH

ARQ Wealth Advisors LLC acquired a new stake in shares of VanEck Pharmaceutical ETF (NASDAQ:PPHFree Report) in the first quarter, HoldingsChannel reports. The institutional investor acquired 9,030 shares of the company’s stock, valued at approximately $938,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PPH. Fifth Third Bancorp bought a new stake in VanEck Pharmaceutical ETF during the 1st quarter worth approximately $120,000. Cherry Creek Investment Advisors Inc. increased its stake in shares of VanEck Pharmaceutical ETF by 5.3% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 13,824 shares of the company’s stock worth $1,436,000 after purchasing an additional 695 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of VanEck Pharmaceutical ETF by 126.8% in the first quarter. Kestra Advisory Services LLC now owns 4,873 shares of the company’s stock worth $506,000 after purchasing an additional 2,724 shares in the last quarter. Value Investment Professionals LLC bought a new stake in shares of VanEck Pharmaceutical ETF during the 1st quarter valued at $343,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in shares of VanEck Pharmaceutical ETF during the 1st quarter valued at $208,000.

VanEck Pharmaceutical ETF Trading Down 0.8%

VanEck Pharmaceutical ETF stock traded down $0.83 during mid-day trading on Friday, hitting $108.80. The stock had a trading volume of 263,696 shares, compared to its average volume of 335,102. VanEck Pharmaceutical ETF has a one year low of $81.74 and a one year high of $112.58. The firm has a market capitalization of $950.91 million, a P/E ratio of 20.21 and a beta of 0.46. The firm’s 50 day moving average is $105.00 and its 200 day moving average is $105.28.

VanEck Pharmaceutical ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.6248 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.3%.

VanEck Pharmaceutical ETF Profile

(Free Report)

The VanEck Pharmaceutical ETF (PPH) is an exchange-traded fund that is based on the MVIS US Listed Pharmaceutical 25 index, a market-cap-weighted index of 25 of the largest global pharmaceutical firms. PPH was launched on Feb 1, 2000 and is managed by VanEck.

See Also

Want to see what other hedge funds are holding PPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Pharmaceutical ETF (NASDAQ:PPHFree Report).

Institutional Ownership by Quarter for VanEck Pharmaceutical ETF (NASDAQ:PPH)

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