Aspen Grove Capital LLC Has $1.94 Million Holdings in VanEck Pharmaceutical ETF $PPH

Aspen Grove Capital LLC lowered its stake in VanEck Pharmaceutical ETF (NASDAQ:PPHFree Report) by 28.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,676 shares of the company’s stock after selling 7,533 shares during the quarter. Aspen Grove Capital LLC owned 0.20% of VanEck Pharmaceutical ETF worth $1,940,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PPH. AlphaCore Capital LLC acquired a new position in shares of VanEck Pharmaceutical ETF during the fourth quarter valued at about $31,000. Group One Trading LLC acquired a new position in VanEck Pharmaceutical ETF during the fourth quarter worth $36,000. EFG International AG bought a new position in shares of VanEck Pharmaceutical ETF in the fourth quarter valued at $44,000. IFP Advisors Inc grew its holdings in shares of VanEck Pharmaceutical ETF by 53.7% during the third quarter. IFP Advisors Inc now owns 438 shares of the company’s stock valued at $40,000 after buying an additional 153 shares during the last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of VanEck Pharmaceutical ETF during the fourth quarter worth about $45,000.

VanEck Pharmaceutical ETF Price Performance

PPH opened at $109.95 on Friday. VanEck Pharmaceutical ETF has a fifty-two week low of $81.74 and a fifty-two week high of $112.58. The firm has a market capitalization of $938.97 million, a PE ratio of 20.21 and a beta of 0.46. The company’s 50-day moving average is $106.34 and its 200 day moving average is $105.61.

VanEck Pharmaceutical ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.6248 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.50 annualized dividend and a yield of 2.3%.

VanEck Pharmaceutical ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for VanEck Pharmaceutical ETF (NASDAQ:PPH)

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