Founders Financial Securities LLC Has $2.84 Million Stock Position in SPDR S&P Metals & Mining ETF $XME

Founders Financial Securities LLC lowered its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 18.2% during the 1st quarter, Holdings Channel reports. The fund owned 25,173 shares of the exchange traded fund’s stock after selling 5,617 shares during the period. Founders Financial Securities LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $2,837,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new stake in SPDR S&P Metals & Mining ETF in the first quarter valued at approximately $216,000. Rockefeller Capital Management L.P. raised its position in shares of SPDR S&P Metals & Mining ETF by 127.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 26,057 shares of the exchange traded fund’s stock worth $2,700,000 after purchasing an additional 14,581 shares during the period. Lane Brothers & Co. Inc. acquired a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter worth approximately $2,053,000. World Investment Advisors lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 15.1% in the 4th quarter. World Investment Advisors now owns 4,089 shares of the exchange traded fund’s stock worth $424,000 after purchasing an additional 537 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 117.5% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,120 shares of the exchange traded fund’s stock worth $116,000 after purchasing an additional 605 shares in the last quarter. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA XME opened at $117.02 on Friday. The company has a fifty day simple moving average of $119.21 and a 200 day simple moving average of $115.09. SPDR S&P Metals & Mining ETF has a 12-month low of $65.09 and a 12-month high of $135.68. The company has a market cap of $5.27 billion, a P/E ratio of 21.07 and a beta of 1.23.

About SPDR S&P Metals & Mining ETF