Shah Wealth Advisors LLC Purchases New Position in SPDR S&P Metals & Mining ETF $XME

Shah Wealth Advisors LLC purchased a new stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XMEFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 72,892 shares of the exchange traded fund’s stock, valued at approximately $7,794,000. SPDR S&P Metals & Mining ETF comprises about 1.8% of Shah Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Shah Wealth Advisors LLC owned 0.19% of SPDR S&P Metals & Mining ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 1st quarter valued at $27,000. Evolution Wealth Management Inc. lifted its position in SPDR S&P Metals & Mining ETF by 72.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 296 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 124 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter worth about $39,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of SPDR S&P Metals & Mining ETF by 177.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 375 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 240 shares during the last quarter. Finally, Caitlin John LLC increased its position in shares of SPDR S&P Metals & Mining ETF by 291.3% during the fourth quarter. Caitlin John LLC now owns 403 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

SPDR S&P Metals & Mining ETF stock opened at $118.62 on Friday. The company has a market capitalization of $4.53 billion, a P/E ratio of 21.07 and a beta of 1.29. SPDR S&P Metals & Mining ETF has a fifty-two week low of $81.62 and a fifty-two week high of $135.68. The stock has a 50-day simple moving average of $109.45 and a 200-day simple moving average of $113.62.

SPDR S&P Metals & Mining ETF Profile

(Free Report)

Further Reading

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Institutional Ownership by Quarter for SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

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