SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Trading Up 2.7% – Should You Buy?

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) shares rose 2.7% on Thursday . The company traded as high as $82.34 and last traded at $82.34. Approximately 12,494 shares were traded during trading, a decline of 52% from the average daily volume of 26,031 shares. The stock had previously closed at $80.14.

SPDR S&P Health Care Equipment ETF Price Performance

The stock has a market capitalization of $131.74 million, a P/E ratio of 29.20 and a beta of 0.97. The business’s 50 day simple moving average is $80.78 and its 200-day simple moving average is $84.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC increased its holdings in SPDR S&P Health Care Equipment ETF by 310.9% in the fourth quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock valued at $40,000 after purchasing an additional 342 shares during the last quarter. Advisory Services Network LLC bought a new position in SPDR S&P Health Care Equipment ETF during the third quarter worth about $82,000. Quantum Private Wealth LLC acquired a new position in shares of SPDR S&P Health Care Equipment ETF during the 4th quarter worth about $221,000. Vivaldi Capital Management LP grew its position in shares of SPDR S&P Health Care Equipment ETF by 7.0% during the 3rd quarter. Vivaldi Capital Management LP now owns 3,214 shares of the company’s stock worth $253,000 after buying an additional 209 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of SPDR S&P Health Care Equipment ETF by 18.0% in the 4th quarter. Wells Fargo & Company MN now owns 5,023 shares of the company’s stock valued at $443,000 after acquiring an additional 768 shares during the last quarter.

SPDR S&P Health Care Equipment ETF Company Profile

The SPDR S&P Health Care Equipment ETF (XHE) is an exchange-traded fund that mostly invests in health care equity. The fund tracks an equal-weighted index of U.S. health care equipment and supplies companies. XHE was launched on Jan 26, 2011 and is managed by State Street.