SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC increased its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,299 shares of the exchange traded fund’s stock after purchasing an additional 627 shares during the period. Modern Wealth Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. PointState Capital LP purchased a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at about $39,522,000. Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the fourth quarter worth about $20,983,000. Citigroup Inc. boosted its position in SPDR S&P Metals & Mining ETF by 81.7% in the third quarter. Citigroup Inc. now owns 291,404 shares of the exchange traded fund’s stock valued at $18,568,000 after buying an additional 131,050 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR S&P Metals & Mining ETF by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 624,702 shares of the exchange traded fund’s stock worth $39,806,000 after buying an additional 108,336 shares during the period. Finally, HighTower Advisors LLC raised its position in SPDR S&P Metals & Mining ETF by 33.6% during the 4th quarter. HighTower Advisors LLC now owns 339,363 shares of the exchange traded fund’s stock worth $19,259,000 after buying an additional 85,382 shares during the last quarter.

SPDR S&P Metals & Mining ETF Price Performance

XME stock opened at $58.33 on Thursday. The company has a market capitalization of $1.61 billion, a P/E ratio of 17.04 and a beta of 1.41. SPDR S&P Metals & Mining ETF has a 12 month low of $53.05 and a 12 month high of $70.49. The firm’s fifty day simple moving average is $59.05 and its 200-day simple moving average is $61.48.

SPDR S&P Metals & Mining ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a $0.0688 dividend. The ex-dividend date was Monday, March 24th.

SPDR S&P Metals & Mining ETF Company 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.