Global X HealthTech ETF (NASDAQ:HEAL) Trading Down 0.8% – Here’s Why

Global X HealthTech ETF (NASDAQ:HEAL) fell 0.8% during mid-day trading on Thursday . The stock traded as low as $23.62 and last traded at $23.73. 2,858 shares changed hands during trading, a decline of 80% from the average session volume of 14,526 shares. The stock had previously closed at $23.92.

Global X HealthTech ETF Stock Performance

The firm has a market capitalization of $23.73 million, a price-to-earnings ratio of 42.80 and a beta of 1.13. The business has a fifty day moving average price of $26.05 and a 200 day moving average price of $29.41.

Institutional Investors Weigh In On Global X HealthTech ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEAL. Glenmede Investment Management LP purchased a new position in shares of Global X HealthTech ETF in the 3rd quarter worth about $31,000. AE Wealth Management LLC purchased a new stake in shares of Global X HealthTech ETF during the 3rd quarter worth about $34,000. Banque Cantonale Vaudoise purchased a new stake in shares of Global X HealthTech ETF during the 3rd quarter worth about $37,000. EverSource Wealth Advisors LLC increased its position in Global X HealthTech ETF by 26,522.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,396 shares of the company’s stock worth $70,000 after purchasing an additional 2,387 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in Global X HealthTech ETF during the 4th quarter worth approximately $111,000.

Global X HealthTech ETF Company Profile

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