SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Shares Up 0.5% – Should You Buy?

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHEGet Free Report) shares shot up 0.5% during mid-day trading on Thursday . The company traded as high as $90.36 and last traded at $90.33. Approximately 9,095 shares were traded 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 Stock Performance

The company has a market capitalization of $159.88 million, a PE ratio of 29.20 and a beta of 0.95. The company has a 50 day moving average price of $84.16 and a 200 day moving average price of $83.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XHE. JPMorgan Chase & Co. raised its stake in shares of SPDR S&P Health Care Equipment ETF by 9,679.5% in the 4th quarter. JPMorgan Chase & Co. now owns 201,947 shares of the company’s stock valued at $17,818,000 after purchasing an additional 199,882 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in SPDR S&P Health Care Equipment ETF by 998.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 129,895 shares of the company’s stock worth $11,461,000 after purchasing an additional 118,066 shares during the last quarter. Bank of America Corp DE lifted its stake in SPDR S&P Health Care Equipment ETF by 132.7% during the first quarter. Bank of America Corp DE now owns 87,355 shares of the company’s stock worth $6,835,000 after purchasing an additional 49,816 shares during the last quarter. LPL Financial LLC boosted its holdings in SPDR S&P Health Care Equipment ETF by 61.7% in the fourth quarter. LPL Financial LLC now owns 61,551 shares of the company’s stock worth $5,431,000 after purchasing an additional 23,480 shares during the period. Finally, Royal Bank of Canada boosted its holdings in SPDR S&P Health Care Equipment ETF by 78.1% in the first quarter. Royal Bank of Canada now owns 27,489 shares of the company’s stock worth $2,151,000 after purchasing an additional 12,055 shares during the period.

About SPDR S&P Health Care Equipment ETF

(Get Free Report)

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.

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