SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Position Boosted by Synergy Asset Management LLC

Synergy Asset Management LLC lifted its holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 109.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,456 shares of the exchange traded fund’s stock after purchasing an additional 4,424 shares during the period. Synergy Asset Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd bought a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth approximately $133,812,000. JPMorgan Chase & Co. grew its holdings in shares of SPDR S&P Metals & Mining ETF by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 624,702 shares of the exchange traded fund’s stock worth $39,806,000 after acquiring an additional 108,336 shares during the last quarter. PointState Capital LP acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the third quarter worth $39,522,000. Raymond James & Associates raised its position in shares of SPDR S&P Metals & Mining ETF by 274.5% during the third quarter. Raymond James & Associates now owns 305,812 shares of the exchange traded fund’s stock worth $19,486,000 after purchasing an additional 224,151 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 81.7% during the third quarter. Citigroup Inc. now owns 291,404 shares of the exchange traded fund’s stock valued at $18,568,000 after purchasing an additional 131,050 shares during the last quarter.

SPDR S&P Metals & Mining ETF Stock Up 1.4 %

NYSEARCA:XME opened at $59.73 on Thursday. The stock has a fifty day simple moving average of $61.37 and a 200 day simple moving average of $61.70. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a 1-year low of $53.38 and a 1-year high of $70.49.

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.