Horizon Kinetics Medical ETF (NASDAQ:MEDX) Stock Price Down 0.6% – Here’s Why

Horizon Kinetics Medical ETF (NASDAQ:MEDX)’s share price fell 0.6% during mid-day trading on Tuesday . The stock traded as low as $34.07 and last traded at $34.07. 2,050 shares were traded during trading, a decline of 9% from the average session volume of 2,262 shares. The stock had previously closed at $34.26.

Horizon Kinetics Medical ETF Price Performance

The stock has a market cap of $19.25 million, a price-to-earnings ratio of 19.02 and a beta of 0.62. The business has a fifty day moving average of $34.09 and a 200 day moving average of $32.45.

Horizon Kinetics Medical ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.4088 per share. The ex-dividend date was Tuesday, December 23rd. This represents a dividend yield of 122.0%.

About Horizon Kinetics Medical ETF

The Horizon Kinetics Medical ETF (MEDX) is an exchange-traded fund that mostly invests in health care equity. The fund actively invests in global companies within the broad health care sector. Stock selection and weighting emphasizes those invested in cancer research and pharmaceutical developments. MEDX was launched on Jan 27, 2023 and is managed by Horizon Kinetics.