Wealthfront Advisers LLC Increases Holdings in SPDR S&P Metals & Mining ETF $XME

Wealthfront Advisers LLC boosted its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 15.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,355 shares of the exchange traded fund’s stock after purchasing an additional 6,171 shares during the quarter. Wealthfront Advisers LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $4,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of XME. Private Wealth Asset Management LLC bought a new position in shares of SPDR S&P Metals & Mining ETF in the second quarter worth $30,000. Root Financial Partners LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $51,000. Glass Jacobson Investment Advisors llc bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth $52,000. ORG Partners LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth $59,000. Finally, Private Wealth Management Group LLC bought a new position in SPDR S&P Metals & Mining ETF in the third quarter valued at $60,000. 86.55% of the stock is currently owned by institutional investors.

SPDR S&P Metals & Mining ETF Stock Down 5.7%

Shares of XME stock opened at $116.68 on Friday. The firm has a market cap of $4.44 billion, a P/E ratio of 21.07 and a beta of 1.28. The business has a 50-day moving average price of $114.43 and a two-hundred day moving average price of $98.31. SPDR S&P Metals & Mining ETF has a 12-month low of $45.89 and a 12-month high of $135.68.

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