Washburn Capital Management Inc. Reduces Stock Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Washburn Capital Management Inc. trimmed its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XMEFree Report) by 9.5% in the 4th quarter, HoldingsChannel reports. The firm owned 4,375 shares of the exchange traded fund’s stock after selling 460 shares during the quarter. Washburn Capital Management Inc.’s holdings in SPDR S&P Metals & Mining ETF were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at approximately $1,749,000. SG Americas Securities LLC lifted its position in SPDR S&P Metals & Mining ETF by 91.1% during the fourth quarter. SG Americas Securities LLC now owns 38,787 shares of the exchange traded fund’s stock valued at $2,321,000 after purchasing an additional 18,492 shares during the period. Quadrature Capital Ltd purchased a new stake in SPDR S&P Metals & Mining ETF in the third quarter valued at $226,000. BlueCrest Capital Management Ltd acquired a new stake in SPDR S&P Metals & Mining ETF during the 2nd quarter worth about $1,560,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of SPDR S&P Metals & Mining ETF by 20.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 32,788 shares of the exchange traded fund’s stock valued at $1,721,000 after buying an additional 5,548 shares during the last quarter.

SPDR S&P Metals & Mining ETF Stock Up 1.8 %

Shares of XME traded up $1.10 during mid-day trading on Wednesday, reaching $61.94. The company had a trading volume of 2,303,042 shares, compared to its average volume of 2,709,504. The stock has a market capitalization of $2.26 billion, a P/E ratio of 4.92 and a beta of 1.48. SPDR S&P Metals & Mining ETF has a 52-week low of $44.17 and a 52-week high of $62.05. The stock has a 50 day moving average of $57.23 and a two-hundred day moving average of $54.98.

SPDR S&P Metals & Mining ETF Company Profile

(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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Want to see what other hedge funds are holding XME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Metals & Mining ETF (NYSEARCA:XMEFree Report).

Institutional Ownership by Quarter for SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

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