AE Wealth Management LLC Sells 208 Shares of VanEck Pharmaceutical ETF (NASDAQ:PPH)

AE Wealth Management LLC reduced its stake in VanEck Pharmaceutical ETF (NASDAQ:PPH – Get Rating) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,282 shares of the company’s stock after selling 208 shares during the quarter. AE Wealth Management LLC’s holdings in VanEck Pharmaceutical ETF were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PPH. Riggs Asset Managment Co. Inc. purchased a new position in shares of VanEck Pharmaceutical ETF during the second quarter worth approximately $394,000. BNP Paribas Arbitrage SA purchased a new position in shares of VanEck Pharmaceutical ETF during the second quarter worth approximately $3,842,000. Beacon Pointe Advisors LLC raised its stake in shares of VanEck Pharmaceutical ETF by 12.9% during the second quarter. Beacon Pointe Advisors LLC now owns 3,053 shares of the company’s stock worth $235,000 after acquiring an additional 350 shares in the last quarter. RPg Family Wealth Advisory LLC raised its stake in shares of VanEck Pharmaceutical ETF by 51.2% during the second quarter. RPg Family Wealth Advisory LLC now owns 11,016 shares of the company’s stock worth $846,000 after acquiring an additional 3,731 shares in the last quarter. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of VanEck Pharmaceutical ETF during the second quarter worth approximately $67,000.

VanEck Pharmaceutical ETF Price Performance

PPH stock opened at $78.49 on Thursday. VanEck Pharmaceutical ETF has a one year low of $66.59 and a one year high of $84.27. The company’s 50 day moving average price is $77.13 and its two-hundred day moving average price is $74.19.

VanEck Pharmaceutical ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 29th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Wednesday, December 28th.