SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Trading Up 0.5% – Time to Buy?

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE)’s share price was up 0.5% during mid-day trading on Thursday . The company traded as high as $90.36 and last traded at $90.33. 9,095 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 25,935 shares. The stock had previously closed at $89.92.

SPDR S&P Health Care Equipment ETF Trading Down 0.9%

The stock has a market cap of $158.49 million, a price-to-earnings ratio of 29.20 and a beta of 0.95. The company’s fifty day moving average is $84.33 and its two-hundred day moving average is $83.53.

Hedge Funds Weigh In On SPDR S&P Health Care Equipment ETF

Institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC lifted its position in shares of SPDR S&P Health Care Equipment ETF by 310.9% during the fourth quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock worth $40,000 after purchasing an additional 342 shares in the last quarter. Advisory Services Network LLC purchased a new stake in SPDR S&P Health Care Equipment ETF during the 3rd quarter worth approximately $82,000. Quantum Private Wealth LLC purchased a new stake in SPDR S&P Health Care Equipment ETF during the 4th quarter worth approximately $221,000. Vivaldi Capital Management LP lifted its holdings in 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 in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in SPDR S&P Health Care Equipment ETF by 18.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,023 shares of the company’s stock worth $443,000 after buying an additional 768 shares in 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.