Meridian Wealth Management LLC Increases Position in SPDR S&P Metals & Mining ETF $XME

Meridian Wealth Management LLC grew its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 177.0% during the third quarter, Holdings Channel.com reports. The firm owned 28,729 shares of the exchange traded fund’s stock after acquiring an additional 18,359 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $2,677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC boosted its holdings in SPDR S&P Metals & Mining ETF by 5,604.5% in the second quarter. AE Wealth Management LLC now owns 111,294 shares of the exchange traded fund’s stock valued at $7,481,000 after purchasing an additional 109,343 shares in the last quarter. Allianz SE lifted its position in shares of SPDR S&P Metals & Mining ETF by 16.7% during the 2nd quarter. Allianz SE now owns 101,070 shares of the exchange traded fund’s stock worth $6,794,000 after buying an additional 14,500 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 2nd quarter worth approximately $807,000. Ameritas Advisory Services LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 2nd quarter valued at $83,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 64.6% in the 2nd quarter. Fisher Asset Management LLC now owns 28,288 shares of the exchange traded fund’s stock valued at $1,902,000 after buying an additional 11,100 shares in the last quarter. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA:XME opened at $118.72 on Monday. SPDR S&P Metals & Mining ETF has a 12 month low of $45.89 and a 12 month high of $135.68. The firm has a market capitalization of $4.46 billion, a P/E ratio of 21.07 and a beta of 1.28. The company’s fifty day moving average price is $109.89 and its 200 day moving average price is $95.79.

About SPDR S&P Metals & Mining ETF