SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Shares Up 0.9% – Still a Buy?

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE)’s share price rose 0.9% during mid-day trading on Thursday . The company traded as high as $81.22 and last traded at $80.40. Approximately 18,156 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 23,864 shares. The stock had previously closed at $79.72.

SPDR S&P Health Care Equipment ETF Stock Performance

The company has a market cap of $128.64 million, a PE ratio of 29.20 and a beta of 0.99. The stock’s 50 day moving average price is $81.43 and its 200-day moving average price is $84.65.

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

Institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC boosted its stake in shares of SPDR S&P Health Care Equipment ETF by 310.9% in the 4th quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock valued at $40,000 after purchasing an additional 342 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of SPDR S&P Health Care Equipment ETF in the 3rd quarter valued at $82,000. Capital Investment Advisory Services LLC boosted its stake in shares of SPDR S&P Health Care Equipment ETF by 34.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock valued at $93,000 after purchasing an additional 300 shares in the last quarter. Quantum Private Wealth LLC purchased a new stake in shares of SPDR S&P Health Care Equipment ETF in the 4th quarter valued at $221,000. Finally, Vivaldi Capital Management LP boosted its stake in shares of SPDR S&P Health Care Equipment ETF by 7.0% in the 3rd quarter. Vivaldi Capital Management LP now owns 3,214 shares of the company’s stock valued at $253,000 after purchasing an additional 209 shares in 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.