Proficio Capital Partners LLC Makes New $696,000 Investment in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Proficio Capital Partners LLC purchased a new position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,550 shares of the exchange traded fund’s stock, valued at approximately $696,000.

Several other hedge funds also recently added to or reduced their stakes in XME. Fifth Third Bancorp acquired a new position in shares of SPDR S&P Metals & Mining ETF in the fourth quarter valued at about $42,000. Quintet Private Bank Europe S.A. acquired a new position in shares of SPDR S&P Metals & Mining ETF in the fourth quarter valued at about $45,000. Global Retirement Partners LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 22.6% in the first quarter. Global Retirement Partners LLC now owns 2,486 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 459 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at about $203,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the fourth quarter valued at about $212,000.

SPDR S&P Metals & Mining ETF Stock Down 1.0 %

Shares of XME traded down $0.59 during mid-day trading on Tuesday, reaching $60.72. The company had a trading volume of 1,116,759 shares, compared to its average volume of 2,849,281. SPDR S&P Metals & Mining ETF has a 52-week low of $48.01 and a 52-week high of $65.36. The stock has a market capitalization of $2.05 billion, a P/E ratio of 6.15 and a beta of 1.20. The stock has a 50 day moving average of $61.23 and a two-hundred day moving average of $59.35.

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.