State Street SPDR S&P Health Care Equipment ETF (XHE)
State Street SPDR S&P Health Care Equipment ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $91.43, up 0.48% on the session, giving a market capitalisation of $132.6M. Its beta of 1.20 implies it has historically moved more than the broad market.
The State Street SPDR S&P Health Care Equipment ETF aims to replicate the total return performance of the S&P Health Care Equipment Select Industry Index, prior to deducting fees and operating expenses. This fund offers investors targeted exposure to the healthcare equipment segment of the S&P Total Market Index, specifically including businesses involved in both Health Care Equipment and Health Care Supplies. By tracking a modified equal-weighted index, it seeks to provide diversified industry coverage across large, mid, and small-capitalization companies, avoiding over-concentration. This structure enables investors to implement more precise strategic or tactical investment allocations than what is typically possible with broader sector-based funds.
State Street SPDR S&P Health Care Equipment ETF is most often compared with the following Financial Services names: