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

Shares of SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) shot up 0.5% on Thursday . The company traded as high as $90.36 and last traded at $90.33. Approximately 9,095 shares traded hands during trading, a decline of 65% from the average daily volume of 25,935 shares. The stock had previously closed at $89.92.

SPDR S&P Health Care Equipment ETF Stock Up 0.5%

The company’s fifty day moving average is $84.16 and its two-hundred day moving average is $83.48. The stock has a market cap of $159.88 million, a price-to-earnings ratio of 29.20 and a beta of 0.95.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealthfront Advisers LLC boosted its holdings in SPDR S&P Health Care Equipment ETF by 2.6% in the fourth quarter. Wealthfront Advisers LLC now owns 5,043 shares of the company’s stock valued at $445,000 after purchasing an additional 127 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in SPDR S&P Health Care Equipment ETF by 3.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,208 shares of the company’s stock valued at $460,000 after acquiring an additional 159 shares during the last quarter. Truist Financial Corp boosted its stake in SPDR S&P Health Care Equipment ETF by 0.9% in the fourth quarter. Truist Financial Corp now owns 19,571 shares of the company’s stock valued at $1,727,000 after acquiring an additional 172 shares in the last quarter. Vivaldi Capital Management LP boosted its stake in SPDR S&P Health Care Equipment ETF by 7.0% in the third 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, Sound Income Strategies LLC grew its holdings in shares of SPDR S&P Health Care Equipment ETF by 310.9% during the fourth quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock worth $40,000 after purchasing an additional 342 shares during the last quarter.

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.