Ground Swell Capital LLC Invests $1.60 Million in VanEck Pharmaceutical ETF $PPH

Ground Swell Capital LLC bought a new stake in shares of VanEck Pharmaceutical ETF (NASDAQ:PPHFree Report) in the 1st quarter, HoldingsChannel.com reports. The fund bought 15,445 shares of the company’s stock, valued at approximately $1,604,000. VanEck Pharmaceutical ETF accounts for approximately 3.2% of Ground Swell Capital LLC’s holdings, making the stock its 3rd largest holding.

Several other large investors have also recently made changes to their positions in PPH. IMC Chicago LLC acquired a new stake in VanEck Pharmaceutical ETF during the fourth quarter valued at $1,707,000. Tudor Investment Corp ET AL purchased a new position in VanEck Pharmaceutical ETF in the third quarter valued at $678,000. Cherry Creek Investment Advisors Inc. acquired a new position in shares of VanEck Pharmaceutical ETF in the fourth quarter worth about $1,355,000. Integrity Alliance LLC. acquired a new position in shares of VanEck Pharmaceutical ETF in the fourth quarter worth about $526,000. Finally, Leuthold Group LLC purchased a new stake in shares of VanEck Pharmaceutical ETF during the 4th quarter worth about $906,000.

VanEck Pharmaceutical ETF Stock Up 2.5%

NASDAQ:PPH opened at $109.44 on Friday. VanEck Pharmaceutical ETF has a 52 week low of $81.74 and a 52 week high of $112.58. The stock has a market capitalization of $1.04 billion, a PE ratio of 20.21 and a beta of 0.47. The stock’s 50-day moving average price is $103.24 and its 200-day moving average price is $104.61.

VanEck Pharmaceutical ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.8441 per share. This is an increase from VanEck Pharmaceutical ETF’s previous quarterly dividend of $0.31. This represents a $3.38 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, April 1st.

VanEck Pharmaceutical ETF 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.

See Also

Want to see what other hedge funds are holding PPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VanEck Pharmaceutical ETF (NASDAQ:PPHFree Report).

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

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