SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) Position Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its holdings in shares of SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) by 24.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,079 shares of the company’s stock after selling 3,337 shares during the period. Envestnet Asset Management Inc. owned approximately 0.33% of SPDR S&P Health Care Equipment ETF worth $892,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of SPDR S&P Health Care Equipment ETF by 0.3% during the fourth quarter. JPMorgan Chase & Co. now owns 101,858 shares of the company’s stock valued at $9,015,000 after purchasing an additional 317 shares during the period. Wealthfront Advisers LLC raised its position in shares of SPDR S&P Health Care Equipment ETF by 381.0% during the 4th quarter. Wealthfront Advisers LLC now owns 19,149 shares of the company’s stock worth $1,695,000 after buying an additional 15,168 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of SPDR S&P Health Care Equipment ETF in the 4th quarter worth approximately $1,457,000. Raymond James Financial Inc. bought a new position in shares of SPDR S&P Health Care Equipment ETF in the fourth quarter valued at approximately $1,380,000. Finally, Pacific Sun Financial Corp boosted its holdings in shares of SPDR S&P Health Care Equipment ETF by 3.0% in the fourth quarter. Pacific Sun Financial Corp now owns 13,549 shares of the company’s stock valued at $1,199,000 after acquiring an additional 398 shares in the last quarter.

SPDR S&P Health Care Equipment ETF Price Performance

Shares of NYSEARCA:XHE opened at $78.97 on Friday. The stock has a market cap of $169.79 million, a price-to-earnings ratio of 29.04 and a beta of 1.05. SPDR S&P Health Care Equipment ETF has a 12 month low of $71.25 and a 12 month high of $97.10. The stock’s 50 day moving average price is $80.93 and its 200 day moving average price is $87.65.

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.