Private Wealth Advisors LLC Reduces Stock Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Private Wealth Advisors LLC trimmed its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 23.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,510 shares of the exchange traded fund’s stock after selling 16,197 shares during the quarter. SPDR S&P Metals & Mining ETF accounts for approximately 1.2% of Private Wealth Advisors LLC’s holdings, making the stock its 23rd biggest holding. Private Wealth Advisors LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $3,102,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XME. Quintet Private Bank Europe S.A. bought a new stake in shares of SPDR S&P Metals & Mining ETF in the 4th quarter worth about $45,000. Wellington Shields & Co. LLC purchased a new stake in SPDR S&P Metals & Mining ETF in the 1st quarter worth about $60,000. Global Retirement Partners LLC lifted its stake in 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 worth $150,000 after purchasing an additional 459 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at approximately $212,000. Finally, Hengehold Capital Management LLC bought a new position in shares of SPDR S&P Metals & Mining ETF during the first quarter valued at approximately $217,000.

SPDR S&P Metals & Mining ETF Trading Down 1.9 %

Shares of NYSEARCA XME traded down $1.15 during midday trading on Thursday, hitting $58.43. The company’s stock had a trading volume of 1,887,579 shares, compared to its average volume of 2,770,727. The business’s 50 day moving average is $60.08 and its two-hundred day moving average is $59.86. SPDR S&P Metals & Mining ETF has a 12-month low of $48.01 and a 12-month high of $65.37. The firm has a market cap of $1.97 billion, a P/E ratio of 6.15 and a beta of 1.20.

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.