SMI Advisory Services LLC Takes $10.77 Million Position in SPDR S&P Metals & Mining ETF $XME

SMI Advisory Services LLC acquired a new position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 110,417 shares of the exchange traded fund’s stock, valued at approximately $10,772,000. SPDR S&P Metals & Mining ETF accounts for 2.0% of SMI Advisory Services LLC’s investment portfolio, making the stock its 12th largest position. SMI Advisory Services LLC owned about 0.38% of SPDR S&P Metals & Mining ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XME. Maven Securities LTD purchased a new stake in SPDR S&P Metals & Mining ETF during the first quarter valued at approximately $346,000. Hsbc Holdings PLC grew its position in shares of SPDR S&P Metals & Mining ETF by 4,583.6% during the 1st quarter. Hsbc Holdings PLC now owns 180,506 shares of the exchange traded fund’s stock valued at $9,998,000 after acquiring an additional 176,652 shares during the period. Wormser Freres Gestion increased its stake in shares of SPDR S&P Metals & Mining ETF by 100.0% in the 1st quarter. Wormser Freres Gestion now owns 2,000 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 1,000 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the 1st quarter worth $1,481,000. Finally, Legend Financial Advisors Inc. raised its holdings in SPDR S&P Metals & Mining ETF by 0.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 125,445 shares of the exchange traded fund’s stock worth $7,024,000 after purchasing an additional 1,039 shares during the period. Hedge funds and other institutional investors own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA:XME opened at $100.91 on Wednesday. The stock has a 50-day simple moving average of $97.60 and a two-hundred day simple moving average of $84.50. SPDR S&P Metals & Mining ETF has a 52-week low of $45.89 and a 52-week high of $111.09. The firm has a market capitalization of $3.18 billion, a PE ratio of 21.07 and a beta of 1.28.

About SPDR S&P Metals & Mining ETF

(Free Report)

SPDR S&P Metals & Mining ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P Metals & Mining Select Industry Index (the Index). The Index is an equal weighted market cap index. The Index represents the metals and mining sub-industry portion of the S&P Total Market Index.

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