VanEck Pharmaceutical ETF (NASDAQ:PPH – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $117.98 and last traded at $117.86, with a volume of 37106 shares changing hands. The stock had previously closed at $116.48.
VanEck Pharmaceutical ETF Trading Down 1.7%
The firm has a 50-day moving average of $110.34 and a 200-day moving average of $106.72. The stock has a market capitalization of $978.03 million, a price-to-earnings ratio of 20.21 and a beta of 0.46.
VanEck Pharmaceutical ETF Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.6248 per share. This represents a $2.50 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, July 1st.
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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