Global X HealthTech ETF (NASDAQ:HEAL) Stock Price Up 0.8% – Should You Buy?

Global X HealthTech ETF (NASDAQ:HEAL)’s stock price traded up 0.8% during trading on Tuesday . The company traded as high as $29.58 and last traded at $29.48. 4,774 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 7,446 shares. The stock had previously closed at $29.24.

Global X HealthTech ETF Price Performance

The stock’s 50-day moving average is $31.93 and its 200 day moving average is $31.70. The stock has a market cap of $47.46 million, a price-to-earnings ratio of 42.80 and a beta of 1.13.

Institutional Trading of Global X HealthTech ETF

A number of institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. purchased a new position in Global X HealthTech ETF in the third quarter worth $11,239,000. Flow Traders U.S. LLC purchased a new stake in shares of Global X HealthTech ETF during the 3rd quarter worth $368,000. Raymond James Financial Inc. acquired a new position in shares of Global X HealthTech ETF during the 3rd quarter worth $274,000. Citadel Advisors LLC purchased a new position in shares of Global X HealthTech ETF in the 3rd quarter valued at about $216,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Global X HealthTech ETF in the 3rd quarter valued at about $37,000.

About Global X HealthTech ETF

An ETF that invests in companies at the intersection of healthcare and technology, targeting innovations in drug discovery, medical devices, consumer healthcare, and analytics.