Global X HealthTech ETF (NASDAQ:HEAL) Shares Down 0.4% – Here’s What Happened

Global X HealthTech ETF (NASDAQ:HEAL) shares were down 0.4% on Thursday . The stock traded as low as $29.47 and last traded at $29.65. Approximately 4,411 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 7,766 shares. The stock had previously closed at $29.78.

Global X HealthTech ETF Stock Down 0.4%

The stock has a market cap of $47.74 million, a price-to-earnings ratio of 42.80 and a beta of 1.13. The stock has a fifty day moving average of $31.22 and a two-hundred day moving average of $31.60.

Hedge Funds Weigh In On Global X HealthTech ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Glenmede Investment Management LP acquired a new stake in Global X HealthTech ETF during the 3rd quarter worth approximately $31,000. AE Wealth Management LLC purchased a new stake in Global X HealthTech ETF during the third quarter worth approximately $34,000. Banque Cantonale Vaudoise acquired a new stake in shares of Global X HealthTech ETF in the third quarter worth $37,000. Citadel Advisors LLC acquired a new stake in shares of Global X HealthTech ETF in the third quarter worth $216,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Global X HealthTech ETF in the 3rd quarter valued at $274,000.

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.