SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Shares Up 2.7% – Here’s Why

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

SPDR S&P Health Care Equipment ETF Stock Up 2.7%

The company has a fifty day simple moving average of $80.78 and a two-hundred day simple moving average of $84.11. The stock has a market capitalization of $131.74 million, a P/E ratio of 29.20 and a beta of 0.97.

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

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 199,882 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in 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 in the last quarter. Bank of America Corp DE raised its stake in shares of SPDR S&P Health Care Equipment ETF by 132.7% in the 1st quarter. Bank of America Corp DE now owns 87,355 shares of the company’s stock valued at $6,835,000 after purchasing an additional 49,816 shares during the period. LPL Financial LLC raised its stake in shares of SPDR S&P Health Care Equipment ETF by 61.7% in the 4th quarter. LPL Financial LLC now owns 61,551 shares of the company’s stock valued at $5,431,000 after purchasing an additional 23,480 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of SPDR S&P Health Care Equipment ETF by 78.1% in the first quarter. Royal Bank of Canada now owns 27,489 shares of the company’s stock valued at $2,151,000 after purchasing an additional 12,055 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.