Modern Wealth Management LLC Trims Position in SPDR S&P Health Care Equipment ETF $XHE

Modern Wealth Management LLC decreased its holdings in shares of SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) by 73.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,099 shares of the company’s stock after selling 14,065 shares during the quarter. Modern Wealth Management LLC’s holdings in SPDR S&P Health Care Equipment ETF were worth $402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Y.D. More Investments Ltd raised its stake in SPDR S&P Health Care Equipment ETF by 47.9% during the 2nd quarter. Y.D. More Investments Ltd now owns 454 shares of the company’s stock valued at $37,000 after acquiring an additional 147 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of SPDR S&P Health Care Equipment ETF by 34.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 1,180 shares of the company’s stock valued at $93,000 after purchasing an additional 300 shares during the last quarter. Wealthfront Advisers LLC grew its stake in shares of SPDR S&P Health Care Equipment ETF by 57.9% in the 3rd quarter. Wealthfront Advisers LLC now owns 4,916 shares of the company’s stock valued at $387,000 after purchasing an additional 1,803 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of SPDR S&P Health Care Equipment ETF by 6.2% in the second quarter. Raymond James Financial Inc. now owns 13,376 shares of the company’s stock valued at $1,086,000 after purchasing an additional 781 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of SPDR S&P Health Care Equipment ETF by 49.4% in the second 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 period.

SPDR S&P Health Care Equipment ETF Price Performance

SPDR S&P Health Care Equipment ETF stock opened at $81.73 on Wednesday. The business has a 50 day simple moving average of $87.33 and a 200-day simple moving average of $84.62. SPDR S&P Health Care Equipment ETF has a 12 month low of $71.25 and a 12 month high of $93.62. The stock has a market capitalization of $138.94 million, a PE ratio of 29.20 and a beta of 1.01.

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.