SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Trading 1.4% Higher – Should You Buy?

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) shares were up 1.4% on Thursday . The company traded as high as $87.70 and last traded at $87.67. 7,067 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 25,731 shares. The stock had previously closed at $86.47.

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

The firm has a market cap of $151.93 million, a P/E ratio of 29.20 and a beta of 0.95. The company’s 50-day moving average is $81.89 and its two-hundred day moving average is $83.78.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Inc. boosted its position in shares of SPDR S&P Health Care Equipment ETF by 6.2% during the second quarter. Raymond James Financial Inc. now owns 13,376 shares of the company’s stock valued at $1,086,000 after buying an additional 781 shares during the last quarter. Bank of America Corp DE raised its position in SPDR S&P Health Care Equipment ETF by 49.4% in the 2nd 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 last quarter. Modern Wealth Management LLC raised its position in SPDR S&P Health Care Equipment ETF by 22.1% in the 2nd quarter. Modern Wealth Management LLC now owns 19,164 shares of the company’s stock valued at $1,556,000 after buying an additional 3,475 shares during the last quarter. Vivaldi Capital Management LP lifted its stake 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 valued at $253,000 after acquiring an additional 209 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in SPDR S&P Health Care Equipment ETF during the 3rd quarter valued at $82,000.

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.