SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Hits New 12-Month High at $63.50

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.50 and last traded at $62.89, with a volume of 480057 shares changing hands. The stock had previously closed at $62.18.

SPDR S&P Metals & Mining ETF Price Performance

The company’s 50 day moving average price is $57.80 and its two-hundred day moving average price is $55.39. The stock has a market capitalization of $2.27 billion, a PE ratio of 4.92 and a beta of 1.48.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Several hedge funds and other institutional investors have recently modified their holdings of XME. Strategic Investment Solutions Inc. IL purchased a new position in shares of SPDR S&P Metals & Mining ETF in the first quarter worth about $27,000. ICA Group Wealth Management LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF in the fourth quarter worth about $27,000. Money Concepts Capital Corp lifted its stake in shares of SPDR S&P Metals & Mining ETF by 291.1% in the fourth quarter. Money Concepts Capital Corp now owns 571 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 425 shares in the last quarter. EPG Wealth Management LLC lifted its stake in shares of SPDR S&P Metals & Mining ETF by 43.8% in the second quarter. EPG Wealth Management LLC now owns 660 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 201 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of SPDR S&P Metals & Mining ETF by 99.5% in the third quarter. Whittier Trust Co. now owns 788 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 393 shares in the last quarter.

About SPDR S&P Metals & Mining ETF

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.