Modern Wealth Management LLC Takes $1.46 Million Position in SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE)

Modern Wealth Management LLC acquired a new position in shares of SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) in the fourth quarter, HoldingsChannel reports. The fund acquired 15,706 shares of the company’s stock, valued at approximately $1,457,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XHE. Pacific Sun Financial Corp boosted its holdings in SPDR S&P Health Care Equipment ETF by 3.0% during the fourth quarter. Pacific Sun Financial Corp now owns 13,549 shares of the company’s stock worth $1,199,000 after buying an additional 398 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of SPDR S&P Health Care Equipment ETF by 34.8% in the 4th quarter. Jones Financial Companies Lllp now owns 1,616 shares of the company’s stock valued at $143,000 after acquiring an additional 417 shares during the period. JPMorgan Chase & Co. raised its position in shares of SPDR S&P Health Care Equipment ETF by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 101,541 shares of the company’s stock valued at $9,190,000 after acquiring an additional 1,480 shares during the period. Sherman Asset Management Inc. bought a new position in SPDR S&P Health Care Equipment ETF during the 4th quarter worth approximately $154,000. Finally, Janney Montgomery Scott LLC bought a new stake in SPDR S&P Health Care Equipment ETF in the fourth quarter valued at approximately $228,000.

SPDR S&P Health Care Equipment ETF Stock Down 0.9 %

Shares of XHE stock opened at $84.03 on Wednesday. The firm has a market capitalization of $189.07 million, a price-to-earnings ratio of 31.11 and a beta of 1.01. SPDR S&P Health Care Equipment ETF has a 12-month low of $80.71 and a 12-month high of $97.10. The firm has a fifty day moving average of $89.80 and a 200-day moving average of $89.83.

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.