SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Sets New 12-Month High – Should You Buy?

SPDR S&P Metals & Mining ETF (NYSEARCA:XME)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $126.18 and last traded at $125.1930, with a volume of 685546 shares traded. The stock had previously closed at $124.14.

SPDR S&P Metals & Mining ETF Stock Performance

The business’s 50-day moving average is $103.46 and its 200-day moving average is $92.23. The company has a market capitalization of $4.35 billion, a PE ratio of 21.07 and a beta of 1.28.

Institutional Trading of SPDR S&P Metals & Mining ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Menora Mivtachim Holdings LTD. raised its stake in SPDR S&P Metals & Mining ETF by 225.5% during the second quarter. Menora Mivtachim Holdings LTD. now owns 2,793,050 shares of the exchange traded fund’s stock valued at $187,749,000 after buying an additional 1,935,000 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of SPDR S&P Metals & Mining ETF by 2,642.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,959,322 shares of the exchange traded fund’s stock worth $131,706,000 after purchasing an additional 1,887,867 shares during the last quarter. Citigroup Inc. boosted its stake in SPDR S&P Metals & Mining ETF by 179.3% in the 3rd quarter. Citigroup Inc. now owns 485,894 shares of the exchange traded fund’s stock worth $45,281,000 after purchasing an additional 311,902 shares in the last quarter. Tidal Investments LLC purchased a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at about $19,342,000. Finally, Bank of Nova Scotia increased its stake in SPDR S&P Metals & Mining ETF by 5,172.8% during the 3rd quarter. Bank of Nova Scotia now owns 202,052 shares of the exchange traded fund’s stock valued at $18,829,000 after purchasing an additional 198,220 shares in the last quarter. Hedge funds and other institutional investors own 86.55% of the company’s stock.

About SPDR S&P Metals & Mining ETF