Murphy Capital Management Inc. Cuts Stake in VanEck Vectors Biotech ETF (NASDAQ:BBH)

Murphy Capital Management Inc. lowered its holdings in shares of VanEck Vectors Biotech ETF (NASDAQ:BBH) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,132 shares of the company’s stock after selling 505 shares during the period. Murphy Capital Management Inc.’s holdings in VanEck Vectors Biotech ETF were worth $4,380,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BBH. Meridian Wealth Management LLC purchased a new position in VanEck Vectors Biotech ETF during the 1st quarter valued at approximately $26,000. First Manhattan Co. grew its holdings in VanEck Vectors Biotech ETF by 9.3% during the 2nd quarter. First Manhattan Co. now owns 2,350 shares of the company’s stock valued at $303,000 after buying an additional 200 shares in the last quarter. Truvestments Capital LLC purchased a new position in VanEck Vectors Biotech ETF during the 2nd quarter valued at approximately $35,000. North Star Investment Management Corp. purchased a new position in VanEck Vectors Biotech ETF during the 3rd quarter valued at approximately $81,000. Finally, Mogy Joel R Investment Counsel Inc. grew its holdings in VanEck Vectors Biotech ETF by 7.5% during the 2nd quarter. Mogy Joel R Investment Counsel Inc. now owns 22,754 shares of the company’s stock valued at $2,935,000 after buying an additional 1,595 shares in the last quarter. Hedge funds and other institutional investors own 20.29% of the company’s stock.

Shares of VanEck Vectors Biotech ETF stock traded up $1.18 on Friday, reaching $118.58. The company had a trading volume of 702 shares, compared to its average volume of 19,698. The firm’s 50-day moving average price is $121.14 and its two-hundred day moving average price is $123.62. VanEck Vectors Biotech ETF has a 1 year low of $103.25 and a 1 year high of $132.80.

Further Reading: What is systematic risk?

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

Institutional Ownership by Quarter for VanEck Vectors Biotech ETF (NASDAQ:BBH)

Receive News & Ratings for VanEck Vectors Biotech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Vectors Biotech ETF and related companies with MarketBeat.com's FREE daily email newsletter.