Meitav Investment House Ltd. reduced its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME – Free Report) by 99.2% in the 3rd quarter, Holdings Channel reports. The firm owned 8,614 shares of the exchange traded fund’s stock after selling 1,018,145 shares during the quarter. Meitav Investment House Ltd.’s holdings in SPDR S&P Metals & Mining ETF were worth $549,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new position in SPDR S&P Metals & Mining ETF during the 3rd quarter worth approximately $25,000. Zions Bancorporation N.A. bought a new stake in shares of SPDR S&P Metals & Mining ETF in the second quarter worth $30,000. Asset Dedication LLC boosted its stake in SPDR S&P Metals & Mining ETF by 963.5% during the 2nd quarter. Asset Dedication LLC now owns 553 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 501 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of SPDR S&P Metals & Mining ETF during the second quarter worth about $33,000. Finally, Headlands Technologies LLC bought a new position in SPDR S&P Metals & Mining ETF during the 2nd quarter worth approximately $35,000.
SPDR S&P Metals & Mining ETF Price Performance
Shares of XME opened at $63.59 on Friday. The stock has a market capitalization of $2.15 billion, a PE ratio of 6.15 and a beta of 1.20. The business’s fifty day moving average price is $61.48 and its 200 day moving average price is $61.08. SPDR S&P Metals & Mining ETF has a 12-month low of $48.77 and a 12-month high of $67.20.
About SPDR S&P Metals & Mining ETF
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.
Further Reading
- Five stocks we like better than SPDR S&P Metals & Mining ETF
- Bank Stocks – Best Bank Stocks to Invest In
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- What Does Downgrade Mean in Investing?
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- What is Forex and How Does it Work?
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
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:XME – Free Report).
Receive News & Ratings for SPDR S&P Metals & Mining ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Metals & Mining ETF and related companies with MarketBeat.com's FREE daily email newsletter.
