ARS Investment Partners LLC trimmed its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME – Free Report) by 10.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,460 shares of the exchange traded fund’s stock after selling 4,667 shares during the period. ARS Investment Partners LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $4,154,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Bank of Nova Scotia grew its stake in SPDR S&P Metals & Mining ETF by 412.3% in the fourth quarter. Bank of Nova Scotia now owns 1,035,072 shares of the exchange traded fund’s stock valued at $107,244,000 after acquiring an additional 833,020 shares during the period. LPL Financial LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 6.5% during the fourth quarter. LPL Financial LLC now owns 608,679 shares of the exchange traded fund’s stock valued at $63,065,000 after acquiring an additional 36,989 shares in the last quarter. Citigroup Inc. raised its position in shares of SPDR S&P Metals & Mining ETF by 179.3% during the third quarter. Citigroup Inc. now owns 485,894 shares of the exchange traded fund’s stock worth $45,281,000 after purchasing an additional 311,902 shares during the period. Raymond James Financial Inc. raised its position in shares of SPDR S&P Metals & Mining ETF by 6.7% during the third quarter. Raymond James Financial Inc. now owns 369,903 shares of the exchange traded fund’s stock worth $34,471,000 after purchasing an additional 23,212 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter worth $19,342,000. 86.55% of the stock is owned by institutional investors and hedge funds.
SPDR S&P Metals & Mining ETF Price Performance
Shares of XME opened at $117.02 on Friday. The business’s fifty day moving average is $119.21 and its 200 day moving average is $115.09. SPDR S&P Metals & Mining ETF has a 12-month low of $65.09 and a 12-month high of $135.68. The stock has a market cap of $5.27 billion, a P/E ratio of 21.07 and a beta of 1.23.
SPDR S&P Metals & Mining ETF Company Profile
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