FNY Investment Advisers LLC Acquires Shares of 6,745 SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

FNY Investment Advisers LLC bought a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,745 shares of the exchange traded fund’s stock, valued at approximately $382,000.

A number of other hedge funds have also modified their holdings of the business. Legend Financial Advisors Inc. boosted its stake in SPDR S&P Metals & Mining ETF by 0.9% during the fourth quarter. Legend Financial Advisors Inc. now owns 124,406 shares of the exchange traded fund’s stock worth $7,060,000 after buying an additional 1,140 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Metals & Mining ETF by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 624,702 shares of the exchange traded fund’s stock valued at $39,806,000 after acquiring an additional 108,336 shares during the last quarter. Fortem Financial Group LLC grew its holdings in shares of SPDR S&P Metals & Mining ETF by 0.5% in the third quarter. Fortem Financial Group LLC now owns 91,742 shares of the exchange traded fund’s stock valued at $5,846,000 after purchasing an additional 492 shares during the period. Continuum Advisory LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth about $55,000. Finally, MML Investors Services LLC raised its stake in SPDR S&P Metals & Mining ETF by 3.1% during the third quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after purchasing an additional 238 shares during the period.

SPDR S&P Metals & Mining ETF Price Performance

NYSEARCA:XME opened at $58.45 on Tuesday. The company’s 50-day moving average is $63.19 and its two-hundred day moving average is $61.82. The firm has a market capitalization of $1.97 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.