Strategic Financial Concepts LLC Makes New $2.25 Million Investment in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Strategic Financial Concepts LLC purchased a new position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the 4th quarter, Holdings Channel reports. The fund purchased 39,725 shares of the exchange traded fund’s stock, valued at approximately $2,254,000.

Several other institutional investors have also added to or reduced their stakes in XME. Global Trust Asset Management LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $25,000. Independence Bank of Kentucky purchased a new position in SPDR S&P Metals & Mining ETF during the fourth quarter valued at $31,000. Continuum Advisory LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter worth $55,000. Spire Wealth Management grew its stake 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 buying an additional 248 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter worth $61,000.

SPDR S&P Metals & Mining ETF Stock Up 3.8 %

Shares of NYSEARCA:XME opened at $62.54 on Tuesday. SPDR S&P Metals & Mining ETF has a 52 week low of $53.38 and a 52 week high of $70.49. The firm has a fifty day simple moving average of $60.07 and a two-hundred day simple moving average of $61.55. The stock has a market capitalization of $2.11 billion, a P/E ratio of 6.15 and a beta of 1.20.

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.