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

Global X HealthTech ETF (NASDAQ:HEAL) shares fell 0.4% on Tuesday . The stock traded as low as $24.61 and last traded at $24.70. 6,878 shares changed hands during trading, a decline of 43% from the average session volume of 12,078 shares. The stock had previously closed at $24.81.

Global X HealthTech ETF Price Performance

The company’s 50-day moving average is $24.78 and its two-hundred day moving average is $27.50. The firm has a market cap of $24.70 million, a P/E ratio of 42.80 and a beta of 1.14.

Institutional Investors Weigh In On Global X HealthTech ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Glenmede Investment Management LP bought a new stake in Global X HealthTech ETF during the third quarter worth about $31,000. AE Wealth Management LLC bought a new stake in Global X HealthTech ETF during the third quarter worth about $34,000. Banque Cantonale Vaudoise bought a new stake in Global X HealthTech ETF during the third quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its position in Global X HealthTech ETF by 26,522.2% during the fourth 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 during the period. Finally, Royal Bank of Canada lifted its position in Global X HealthTech ETF by 39.4% during the first quarter. Royal Bank of Canada now owns 2,603 shares of the company’s stock worth $62,000 after purchasing an additional 736 shares during the period.

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.