Envestnet Asset Management Inc. Decreases Holdings in SPDR S&P Health Care Equipment ETF $XHE

Envestnet Asset Management Inc. lowered its position in SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) by 19.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,965 shares of the company’s stock after selling 6,714 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.62% of SPDR S&P Health Care Equipment ETF worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of XHE. Y.D. More Investments Ltd raised its stake in shares of SPDR S&P Health Care Equipment ETF by 47.9% during the second quarter. Y.D. More Investments Ltd now owns 454 shares of the company’s stock worth $37,000 after acquiring an additional 147 shares in the last quarter. Wealthfront Advisers LLC raised its position in SPDR S&P Health Care Equipment ETF by 7.2% in the 2nd quarter. Wealthfront Advisers LLC now owns 3,113 shares of the company’s stock worth $253,000 after purchasing an additional 209 shares during the period. Raymond James Financial Inc. raised its position in SPDR S&P Health Care Equipment ETF by 6.2% in the 2nd quarter. Raymond James Financial Inc. now owns 13,376 shares of the company’s stock worth $1,086,000 after purchasing an additional 781 shares during the period. Modern Wealth Management LLC lifted its stake in SPDR S&P Health Care Equipment ETF by 22.1% in the second quarter. Modern Wealth Management LLC now owns 19,164 shares of the company’s stock worth $1,556,000 after purchasing an additional 3,475 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in SPDR S&P Health Care Equipment ETF by 49.4% during the second quarter. Bank of America Corp DE now owns 29,244 shares of the company’s stock valued at $2,375,000 after buying an additional 9,667 shares during the period.

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

Shares of NYSEARCA:XHE opened at $88.40 on Friday. The stock has a market capitalization of $150.28 million, a P/E ratio of 29.20 and a beta of 1.01. The stock’s 50-day moving average price is $88.04 and its 200-day moving average price is $84.40. SPDR S&P Health Care Equipment ETF has a 12-month low of $71.25 and a 12-month high of $93.62.

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.