Envestnet Asset Management Inc. Cuts Stock Position in SPDR S&P Health Care Equipment ETF $XHE

Envestnet Asset Management Inc. lessened its stake in shares of SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) by 19.4% in the third quarter, Holdings Channel reports. The institutional investor owned 27,965 shares of the company’s stock after selling 6,714 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR S&P Health Care Equipment ETF were worth $2,202,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in XHE. Y.D. More Investments Ltd boosted its holdings 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 worth $37,000 after acquiring an additional 147 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of SPDR S&P Health Care Equipment ETF by 7.2% in the 2nd quarter. Wealthfront Advisers LLC now owns 3,113 shares of the company’s stock worth $253,000 after purchasing an additional 209 shares during the last quarter. Raymond James Financial Inc. boosted its stake in SPDR S&P Health Care Equipment ETF by 6.2% in the 2nd quarter. Raymond James Financial Inc. now owns 13,376 shares of the company’s stock worth $1,086,000 after purchasing an additional 781 shares in the last quarter. Modern Wealth Management LLC grew its position in SPDR S&P Health Care Equipment ETF by 22.1% during the 2nd quarter. Modern Wealth Management LLC now owns 19,164 shares of the company’s stock valued at $1,556,000 after purchasing an additional 3,475 shares during the last quarter. Finally, Bank of America Corp DE grew its position in SPDR S&P Health Care Equipment ETF by 49.4% during the 2nd quarter. Bank of America Corp DE now owns 29,244 shares of the company’s stock valued at $2,375,000 after purchasing an additional 9,667 shares during the last quarter.

SPDR S&P Health Care Equipment ETF Stock Performance

Shares of SPDR S&P Health Care Equipment ETF stock opened at $88.40 on Friday. The stock has a market capitalization of $150.28 million, a PE ratio of 29.20 and a beta of 1.01. SPDR S&P Health Care Equipment ETF has a 52-week low of $71.25 and a 52-week high of $93.62. The company has a 50-day simple moving average of $88.04 and a two-hundred day simple moving average of $84.40.

SPDR S&P Health Care Equipment ETF 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.