Founders Financial Alliance LLC Decreases Stock Holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Founders Financial Alliance LLC trimmed its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,823 shares of the exchange traded fund’s stock after selling 953 shares during the quarter. Founders Financial Alliance LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $728,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of XME. Independence Bank of Kentucky purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at about $31,000. Spire Wealth Management lifted its position in shares of SPDR S&P Metals & Mining ETF by 35.4% during the fourth quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 248 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of SPDR S&P Metals & Mining ETF by 200.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 640 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the third quarter valued at about $55,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter valued at approximately $61,000.

SPDR S&P Metals & Mining ETF Stock Down 3.9 %

Shares of SPDR S&P Metals & Mining ETF stock opened at $53.81 on Tuesday. The firm has a market capitalization of $1.41 billion, a P/E ratio of 13.74 and a beta of 1.41. The company has a 50 day moving average price of $59.16 and a 200 day moving average price of $61.59. SPDR S&P Metals & Mining ETF has a 52 week low of $53.05 and a 52 week high of $70.49.

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.