SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Shares Acquired by Everstar Asset Management LLC

Everstar Asset Management LLC boosted its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the exchange traded fund’s stock after purchasing an additional 1,102 shares during the period. SPDR S&P Metals & Mining ETF makes up 0.8% of Everstar Asset Management LLC’s portfolio, making the stock its 28th biggest position. Everstar Asset Management LLC owned 0.06% of SPDR S&P Metals & Mining ETF worth $1,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XME. Verition Fund Management LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter valued at approximately $312,000. Flow Traders U.S. LLC acquired a new stake in SPDR S&P Metals & Mining ETF in the third quarter valued at $558,000. PointState Capital LP bought a new position in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $39,522,000. MML Investors Services LLC grew its holdings in SPDR S&P Metals & Mining ETF by 3.1% during the 3rd quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after acquiring an additional 238 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter worth about $55,000.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME stock opened at $56.62 on Monday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 17.04 and a beta of 1.41. SPDR S&P Metals & Mining ETF has a one year low of $53.05 and a one year high of $70.49. The company’s 50-day simple moving average is $58.95 and its 200-day simple moving average is $61.57.

SPDR S&P Metals & Mining ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a $0.0688 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.