Independent Financial Group LLC Purchases New Stake in SPDR S&P Metals & Mining ETF $XME

Independent Financial Group LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,956 shares of the exchange traded fund’s stock, valued at approximately $1,399,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XME. Forefront Wealth Partners LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 3.4% in the fourth quarter. Forefront Wealth Partners LLC now owns 2,582 shares of the exchange traded fund’s stock valued at $268,000 after purchasing an additional 84 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in shares of SPDR S&P Metals & Mining ETF by 2.3% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 4,234 shares of the exchange traded fund’s stock worth $439,000 after buying an additional 94 shares during the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of SPDR S&P Metals & Mining ETF by 4.1% during the 1st quarter. Keudell Morrison Wealth Management now owns 2,910 shares of the exchange traded fund’s stock worth $314,000 after buying an additional 115 shares during the last quarter. Evolution Wealth Management Inc. boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 72.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 296 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 124 shares during the period. Finally, World Investment Advisors boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 3.2% during the 1st quarter. World Investment Advisors now owns 4,218 shares of the exchange traded fund’s stock worth $456,000 after buying an additional 129 shares during the period. 86.55% of the stock is owned by institutional investors.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME opened at $98.35 on Monday. SPDR S&P Metals & Mining ETF has a 52 week low of $71.07 and a 52 week high of $135.68. The firm has a market cap of $3.91 billion, a P/E ratio of 21.07 and a beta of 1.26. The firm’s 50-day simple moving average is $114.17 and its 200 day simple moving average is $115.55.

SPDR S&P Metals & Mining ETF Profile