Shares of VanEck Pharmaceutical ETF (NASDAQ:PPH – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $116.79 and last traded at $116.79, with a volume of 17344 shares trading hands. The stock had previously closed at $113.20.
VanEck Pharmaceutical ETF Trading Down 1.9%
The business’s 50-day moving average is $109.43 and its two-hundred day moving average is $106.46. The firm has a market cap of $971.28 million, a P/E ratio of 20.21 and a beta of 0.46.
VanEck Pharmaceutical ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.6248 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.50 annualized dividend and a dividend yield of 2.2%.
Institutional Inflows and Outflows
About VanEck Pharmaceutical ETF
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.
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