SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Stock Price Down 0.3% – Here’s Why

SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) shares fell 0.3% on Monday . The stock traded as low as $89.12 and last traded at $89.18. 3,206 shares were traded during mid-day trading, a decline of 83% from the average session volume of 18,879 shares. The stock had previously closed at $89.41.

SPDR S&P Health Care Equipment ETF Trading Down 0.3%

The stock has a market capitalization of $154.28 million, a PE ratio of 29.20 and a beta of 1.01. The company’s 50-day moving average is $85.39 and its 200 day moving average is $81.84.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in SPDR S&P Health Care Equipment ETF in the third quarter valued at about $82,000. 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 worth $253,000 after buying an additional 209 shares during the last quarter. Bank of America Corp DE boosted its holdings in SPDR S&P Health Care Equipment ETF by 5.0% in the third quarter. Bank of America Corp DE now owns 30,694 shares of the company’s stock valued at $2,417,000 after purchasing an additional 1,450 shares in the last quarter. Wealthfront Advisers LLC lifted its position in SPDR S&P Health Care Equipment ETF by 57.9% in the third quarter. Wealthfront Advisers LLC now owns 4,916 shares of the company’s stock valued at $387,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings 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 acquiring an additional 300 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.