SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Stock Price Down 1% – Here’s Why

Shares of SPDR S&P Health Care Equipment ETF (NYSEARCA:XHEGet Free Report) traded down 1% during trading on Tuesday . The company traded as low as $87.89 and last traded at $88.64. 12,756 shares were traded during mid-day trading, a decline of 53% from the average session volume of 27,380 shares. The stock had previously closed at $89.57.

SPDR S&P Health Care Equipment ETF Stock Performance

The company has a market cap of $155.12 million, a P/E ratio of 29.20 and a beta of 1.01. The business’s 50-day moving average price is $88.23 and its 200 day moving average price is $82.90.

Hedge Funds Weigh In On SPDR S&P Health Care Equipment ETF

A number of institutional investors have recently bought and sold shares of XHE. Y.D. More Investments Ltd raised its stake in SPDR S&P Health Care Equipment ETF by 47.9% in the second quarter. Y.D. More Investments Ltd now owns 454 shares of the company’s stock valued at $37,000 after buying an additional 147 shares during the period. Advisory Services Network LLC acquired a new position in shares of SPDR S&P Health Care Equipment ETF during the 3rd quarter worth approximately $82,000. Capital Investment Advisory Services LLC raised its stake in 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 acquiring an additional 300 shares during the period. Ameritas Advisory Services LLC acquired a new stake in SPDR S&P Health Care Equipment ETF during the 2nd quarter valued at $111,000. Finally, Vivaldi Capital Management LP lifted its holdings 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 purchasing an additional 209 shares during the last quarter.

SPDR S&P Health Care Equipment ETF Company Profile

(Get Free Report)

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.

Further Reading

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