SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Trading 1.4% Higher – Still a Buy?

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) shares were up 1.4% during mid-day trading on Thursday . The company traded as high as $87.70 and last traded at $87.67. 7,067 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 25,731 shares. The stock had previously closed at $86.47.

SPDR S&P Health Care Equipment ETF Stock Up 1.4%

The stock has a market cap of $151.67 million, a price-to-earnings ratio of 29.20 and a beta of 0.95. The company has a 50 day simple moving average of $81.70 and a 200-day simple moving average of $83.76.

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

Several large investors have recently added to or reduced their stakes in XHE. Avior Wealth Management LLC bought a new stake in SPDR S&P Health Care Equipment ETF in the 2nd quarter valued at about $991,000. Bank of America Corp DE boosted its stake in SPDR S&P Health Care Equipment ETF by 132.7% during the first quarter. Bank of America Corp DE now owns 87,355 shares of the company’s stock valued at $6,835,000 after buying an additional 49,816 shares in the last quarter. Royal Bank of Canada grew its stake in shares of SPDR S&P Health Care Equipment ETF by 78.1% in the 1st 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 during the last quarter. Vivaldi Capital Management LP grew its position in SPDR S&P Health Care Equipment ETF by 18.8% in the first quarter. Vivaldi Capital Management LP now owns 4,279 shares of the company’s stock worth $335,000 after buying an additional 678 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of SPDR S&P Health Care Equipment ETF by 26.2% during the first quarter. Wealthfront Advisers LLC now owns 6,364 shares of the company’s stock worth $498,000 after purchasing an additional 1,321 shares during the period.

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.