Herbst Group LLC Purchases 39,838 Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Herbst Group LLC grew its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 104.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,819 shares of the exchange traded fund’s stock after buying an additional 39,838 shares during the period. SPDR S&P Metals & Mining ETF accounts for 2.8% of Herbst Group LLC’s portfolio, making the stock its 12th biggest position. Herbst Group LLC owned approximately 0.23% of SPDR S&P Metals & Mining ETF worth $4,416,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in SPDR S&P Metals & Mining ETF by 41.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 132,317 shares of the exchange traded fund’s stock valued at $7,850,000 after buying an additional 38,959 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in SPDR S&P Metals & Mining ETF by 511.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 22,119 shares of the exchange traded fund’s stock worth $1,312,000 after acquiring an additional 18,501 shares in the last quarter. DRW Securities LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 2nd quarter valued at $523,000. Chicago Wealth Management Inc. purchased a new position in shares of SPDR S&P Metals & Mining ETF in the second quarter valued at about $203,000. Finally, Magnolia Capital Advisors LLC bought a new position in SPDR S&P Metals & Mining ETF in the 2nd quarter worth approximately $1,061,000.

SPDR S&P Metals & Mining ETF Stock Up 0.9 %

Shares of SPDR S&P Metals & Mining ETF stock opened at $60.33 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20. The business has a 50-day moving average price of $62.40 and a 200-day moving average price of $61.80. SPDR S&P Metals & Mining ETF has a twelve month low of $53.38 and a twelve month high of $70.49.

SPDR S&P Metals & Mining ETF Profile

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.