SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Trading 2.7% Higher – Here’s What Happened

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE)’s share price rose 2.7% during trading on Thursday . The company traded as high as $82.34 and last traded at $82.34. 12,494 shares traded hands during trading, a decline of 52% from the average daily volume of 26,031 shares. The stock had previously closed at $80.14.

SPDR S&P Health Care Equipment ETF Price Performance

The stock’s 50 day moving average is $80.82 and its two-hundred day moving average is $84.10. The stock has a market capitalization of $131.74 million, a PE ratio of 29.20 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XHE. JPMorgan Chase & Co. increased its position in shares of SPDR S&P Health Care Equipment ETF by 9,679.5% in the 4th quarter. JPMorgan Chase & Co. now owns 201,947 shares of the company’s stock valued at $17,818,000 after purchasing an additional 199,882 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of SPDR S&P Health Care Equipment ETF by 998.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 129,895 shares of the company’s stock worth $11,461,000 after purchasing an additional 118,066 shares during the last quarter. Bank of America Corp DE lifted its position in shares of SPDR S&P Health Care Equipment ETF by 132.7% during the 1st quarter. Bank of America Corp DE now owns 87,355 shares of the company’s stock worth $6,835,000 after purchasing an additional 49,816 shares during the last quarter. LPL Financial LLC grew its stake in shares of SPDR S&P Health Care Equipment ETF by 61.7% during the fourth quarter. LPL Financial LLC now owns 61,551 shares of the company’s stock worth $5,431,000 after purchasing an additional 23,480 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of SPDR S&P Health Care Equipment ETF by 78.1% during the first quarter. Royal Bank of Canada now owns 27,489 shares of the company’s stock worth $2,151,000 after purchasing an additional 12,055 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.