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

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

SPDR S&P Health Care Equipment ETF Stock Performance

The company has a fifty day moving average price of $83.92 and a two-hundred day moving average price of $84.32. The company has a market cap of $133.62 million, a P/E ratio of 29.20 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC raised its stake in shares of SPDR S&P Health Care Equipment ETF by 310.9% during the 4th quarter. Sound Income Strategies LLC now owns 452 shares of the company’s stock worth $40,000 after purchasing an additional 342 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of SPDR S&P Health Care Equipment ETF in the third quarter valued at $82,000. Capital Investment Advisory Services LLC grew its stake in shares of SPDR S&P Health Care Equipment ETF by 34.1% in the third quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock valued at $93,000 after buying an additional 300 shares in the last quarter. Quantum Private Wealth LLC acquired a new position in SPDR S&P Health Care Equipment ETF during the fourth quarter worth $221,000. Finally, Vivaldi Capital Management LP raised its position in SPDR S&P Health Care Equipment ETF by 7.0% during the third quarter. Vivaldi Capital Management LP now owns 3,214 shares of the company’s stock worth $253,000 after acquiring an additional 209 shares in 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.