VanEck Pharmaceutical ETF (NASDAQ:PPH – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $117.98 and last traded at $117.86, with a volume of 37106 shares traded. The stock had previously closed at $116.48.
VanEck Pharmaceutical ETF Price Performance
The firm’s 50 day simple moving average is $109.85 and its 200-day simple moving average is $106.59. The company has a market cap of $993.05 million, a price-to-earnings ratio of 20.21 and a beta of 0.46.
VanEck Pharmaceutical ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given 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 2.1%.
Institutional Investors Weigh In On VanEck Pharmaceutical ETF
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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