SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Shares Down 0.2% – Should You Sell?

Shares of SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) dropped 0.2% during mid-day trading on Monday . The company traded as low as $86.28 and last traded at $87.11. Approximately 7,756 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 18,607 shares. The stock had previously closed at $87.29.

SPDR S&P Health Care Equipment ETF Trading Down 0.2%

The company’s 50-day simple moving average is $88.09 and its 200 day simple moving average is $84.20. The stock has a market cap of $148.09 million, a P/E ratio of 29.20 and a beta of 1.01.

Institutional Investors Weigh In On SPDR S&P Health Care Equipment ETF

Large investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in SPDR S&P Health Care Equipment ETF during the fourth quarter valued at $1,613,000. Royal Bank of Canada raised its stake in shares of SPDR S&P Health Care Equipment ETF by 202.2% in the fourth quarter. Royal Bank of Canada now owns 15,434 shares of the company’s stock valued at $1,361,000 after buying an additional 10,327 shares during the period. Vivaldi Capital Management LP raised its stake in shares of SPDR S&P Health Care Equipment ETF by 12.0% in the fourth quarter. Vivaldi Capital Management LP now owns 3,601 shares of the company’s stock valued at $318,000 after buying an additional 387 shares during the period. Wells Fargo & Company MN increased its holdings in 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 worth $443,000 after acquiring an additional 768 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in SPDR S&P Health Care Equipment ETF by 61.7% in the 4th quarter. LPL Financial LLC now owns 61,551 shares of the company’s stock worth $5,431,000 after acquiring an additional 23,480 shares during the last quarter.

About SPDR S&P Health Care Equipment ETF

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.