Herbst Group LLC cut its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME – Free Report) by 17.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,315 shares of the exchange traded fund’s stock after selling 7,187 shares during the period. SPDR S&P Metals & Mining ETF makes up approximately 1.9% of Herbst Group LLC’s holdings, making the stock its 20th largest holding. Herbst Group LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $3,562,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new position in SPDR S&P Metals & Mining ETF in the 4th quarter valued at approximately $694,000. Uniting Wealth Partners LLC purchased a new stake in SPDR S&P Metals & Mining ETF during the fourth quarter worth $5,538,000. AE Wealth Management LLC boosted its position in SPDR S&P Metals & Mining ETF by 21.2% during the fourth quarter. AE Wealth Management LLC now owns 89,014 shares of the exchange traded fund’s stock worth $9,223,000 after purchasing an additional 15,574 shares in the last quarter. IMC Chicago LLC acquired a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter valued at $1,267,000. Finally, Diversify Advisory Services LLC acquired a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter valued at $661,000. 86.55% of the stock is currently owned by institutional investors and hedge funds.
SPDR S&P Metals & Mining ETF Price Performance
Shares of XME stock opened at $115.74 on Monday. SPDR S&P Metals & Mining ETF has a fifty-two week low of $76.46 and a fifty-two week high of $135.68. The stock has a market cap of $4.42 billion, a P/E ratio of 21.07 and a beta of 1.27. The business has a fifty day simple moving average of $109.57 and a 200-day simple moving average of $114.39.
SPDR S&P Metals & Mining ETF Profile
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