SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Shares Bought by Financial Advocates Investment Management

Financial Advocates Investment Management grew its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,632 shares of the exchange traded fund’s stock after acquiring an additional 36,691 shares during the quarter. SPDR S&P Metals & Mining ETF makes up approximately 0.8% of Financial Advocates Investment Management’s holdings, making the stock its 24th largest position. Financial Advocates Investment Management’s holdings in SPDR S&P Metals & Mining ETF were worth $13,372,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in XME. Econ Financial Services Corp acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 4th quarter valued at about $1,458,000. Stratos Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth approximately $208,000. Spire Wealth Management lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 35.4% in the 4th quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 248 shares during the last quarter. Independence Bank of Kentucky acquired a new position in SPDR S&P Metals & Mining ETF during the 4th quarter valued at approximately $31,000. Finally, Evernest Financial Advisors LLC grew its stake in SPDR S&P Metals & Mining ETF by 14.9% during the 4th quarter. Evernest Financial Advisors LLC now owns 5,741 shares of the exchange traded fund’s stock worth $326,000 after buying an additional 743 shares during the last quarter.

SPDR S&P Metals & Mining ETF Stock Performance

XME stock opened at $60.98 on Thursday. The stock’s fifty day moving average is $60.51 and its two-hundred day moving average is $61.57. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a 1 year low of $53.38 and a 1 year high of $70.49.

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.