Solutions 4 Wealth Ltd Purchases New Shares in SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE)

Solutions 4 Wealth Ltd acquired a new position in SPDR S&P Health Care Equipment ETF (NYSEARCA:XHE) in the fourth quarter, Holdings Channel reports. The fund acquired 3,535 shares of the company’s stock, valued at approximately $298,000. SPDR S&P Health Care Equipment ETF accounts for approximately 1.0% of Solutions 4 Wealth Ltd’s holdings, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Telemus Capital LLC bought a new stake in shares of SPDR S&P Health Care Equipment ETF during the 4th quarter worth $545,000. HighTower Advisors LLC raised its position in SPDR S&P Health Care Equipment ETF by 1.1% in the third quarter. HighTower Advisors LLC now owns 25,107 shares of the company’s stock worth $1,954,000 after acquiring an additional 281 shares during the period. Merit Financial Group LLC boosted its stake in SPDR S&P Health Care Equipment ETF by 9.5% in the third quarter. Merit Financial Group LLC now owns 6,371 shares of the company’s stock valued at $497,000 after acquiring an additional 554 shares during the last quarter. Bryn Mawr Capital Management LLC bought a new position in shares of SPDR S&P Health Care Equipment ETF during the 3rd quarter valued at approximately $320,000. Finally, Modera Wealth Management LLC purchased a new stake in shares of SPDR S&P Health Care Equipment ETF during the 3rd quarter worth approximately $6,362,000.

SPDR S&P Health Care Equipment ETF Trading Up 1.1 %

Shares of NYSEARCA:XHE traded up $0.95 during mid-day trading on Thursday, reaching $84.86. The company had a trading volume of 7,341 shares, compared to its average volume of 32,371. The company’s 50-day moving average price is $84.67 and its 200-day moving average price is $80.90. SPDR S&P Health Care Equipment ETF has a one year low of $66.20 and a one year high of $99.68. The firm has a market cap of $258.82 million, a price-to-earnings ratio of 30.13 and a beta of 1.12.

About SPDR S&P Health Care Equipment ETF

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.