Advisory Services Network LLC Decreases Stock Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Advisory Services Network LLC lowered its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 46.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,675 shares of the exchange traded fund’s stock after selling 9,223 shares during the period. Advisory Services Network LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in XME. Independence Bank of Kentucky purchased a new position in SPDR S&P Metals & Mining ETF in the fourth quarter valued at $31,000. Spire Wealth Management increased 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 valued at $54,000 after acquiring an additional 248 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of SPDR S&P Metals & Mining ETF by 200.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 640 shares in the last quarter. Rialto Wealth Management LLC purchased a new stake in SPDR S&P Metals & Mining ETF during the fourth quarter worth approximately $102,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in SPDR S&P Metals & Mining ETF by 15.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,866 shares of the exchange traded fund’s stock valued at $106,000 after purchasing an additional 250 shares in the last quarter.

SPDR S&P Metals & Mining ETF Trading Down 0.3 %

XME stock opened at $54.34 on Wednesday. The stock has a market cap of $1.52 billion, a P/E ratio of 16.51 and a beta of 1.30. SPDR S&P Metals & Mining ETF has a twelve month low of $45.89 and a twelve month high of $70.49. The company’s 50 day moving average is $56.88 and its two-hundred day moving average is $60.78.

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.