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

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE)’s share price traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as $79.36 and last traded at $78.60. 2,744 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 18,868 shares. The stock had previously closed at $78.24.

SPDR S&P Health Care Equipment ETF Price Performance

The firm’s 50 day moving average price is $83.69 and its 200-day moving average price is $84.27. The stock has a market cap of $132.96 million, a P/E ratio of 29.20 and a beta of 1.01.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P Health Care Equipment ETF by 9,679.5% during the fourth quarter. JPMorgan Chase & Co. now owns 201,947 shares of the company’s stock valued at $17,818,000 after buying an additional 199,882 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of SPDR S&P Health Care Equipment ETF by 998.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 129,895 shares of the company’s stock worth $11,461,000 after acquiring an additional 118,066 shares during the last quarter. LPL Financial LLC boosted its holdings in SPDR S&P Health Care Equipment ETF by 61.7% during the 4th quarter. LPL Financial LLC now owns 61,551 shares of the company’s stock valued at $5,431,000 after acquiring an additional 23,480 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in SPDR S&P Health Care Equipment ETF by 3,880.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 21,613 shares of the company’s stock valued at $1,907,000 after acquiring an additional 21,070 shares during the period. Finally, Empowered Funds LLC purchased a new position in SPDR S&P Health Care Equipment ETF during the 4th quarter valued at $1,613,000.

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.