Pettinga Financial Advisors LLC Reduces Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Pettinga Financial Advisors LLC decreased its holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,579 shares of the exchange traded fund’s stock after selling 660 shares during the period. Pettinga Financial Advisors LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $390,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Prudential PLC raised its holdings in shares of SPDR S&P Metals & Mining ETF by 604.2% during the 4th quarter. Prudential PLC now owns 302,716 shares of the exchange traded fund’s stock worth $18,111,000 after acquiring an additional 259,731 shares during the period. Csenge Advisory Group purchased a new position in SPDR S&P Metals & Mining ETF during the first quarter worth about $7,041,000. Hsbc Holdings PLC boosted its holdings in SPDR S&P Metals & Mining ETF by 488.4% in the 4th quarter. Hsbc Holdings PLC now owns 131,171 shares of the exchange traded fund’s stock valued at $7,858,000 after purchasing an additional 108,878 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of SPDR S&P Metals & Mining ETF by 1,189.0% in the 1st quarter. Cetera Advisors LLC now owns 97,719 shares of the exchange traded fund’s stock valued at $5,891,000 after buying an additional 90,138 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth approximately $4,637,000.

SPDR S&P Metals & Mining ETF Price Performance

Shares of XME stock traded up $1.37 during trading on Friday, hitting $59.80. 1,471,487 shares of the stock traded hands, compared to its average volume of 2,762,757. SPDR S&P Metals & Mining ETF has a 52-week low of $48.01 and a 52-week high of $65.37. The firm has a market capitalization of $2.02 billion, a P/E ratio of 6.15 and a beta of 1.20. The firm’s fifty day moving average price is $60.10 and its 200-day moving average price is $59.90.

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.