Fortem Financial Group LLC Grows Stock Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Fortem Financial Group LLC lifted its stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,742 shares of the exchange traded fund’s stock after purchasing an additional 492 shares during the quarter. SPDR S&P Metals & Mining ETF accounts for about 2.4% of Fortem Financial Group LLC’s portfolio, making the stock its 7th largest position. Fortem Financial Group LLC owned about 0.27% of SPDR S&P Metals & Mining ETF worth $5,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter worth $133,812,000. Meitav Investment House Ltd. grew its holdings in shares of SPDR S&P Metals & Mining ETF by 78.0% during the second quarter. Meitav Investment House Ltd. now owns 1,026,759 shares of the exchange traded fund’s stock worth $60,902,000 after purchasing an additional 450,000 shares during the last quarter. PointState Capital LP bought a new stake in SPDR S&P Metals & Mining ETF during the 3rd quarter worth approximately $39,522,000. LPL Financial LLC grew its holdings in SPDR S&P Metals & Mining ETF by 30.6% during the 2nd quarter. LPL Financial LLC now owns 549,027 shares of the exchange traded fund’s stock worth $32,574,000 after acquiring an additional 128,573 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in SPDR S&P Metals & Mining ETF by 274.5% during the 3rd quarter. Raymond James & Associates now owns 305,812 shares of the exchange traded fund’s stock worth $19,486,000 after acquiring an additional 224,151 shares during the last quarter.

SPDR S&P Metals & Mining ETF Price Performance

XME opened at $65.06 on Wednesday. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a fifty-two week low of $52.76 and a fifty-two week high of $70.49. The company’s 50 day moving average price is $66.00 and its two-hundred day moving average price is $62.19.

SPDR S&P Metals & Mining ETF 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.