28,230 Shares in SPDR S&P Metals & Mining ETF $XME Bought by Cumberland Advisors Inc.

Cumberland Advisors Inc. bought a new position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 28,230 shares of the exchange traded fund’s stock, valued at approximately $2,923,000. SPDR S&P Metals & Mining ETF makes up approximately 1.0% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Latitude Advisors LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the third quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. raised its position in SPDR S&P Metals & Mining ETF by 177.8% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 375 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 240 shares during the period. Main Street Group LTD bought a new stake in SPDR S&P Metals & Mining ETF in the first quarter worth $43,000. Grove Bank & Trust bought a new stake in SPDR S&P Metals & Mining ETF in the second quarter worth $43,000. Finally, Axiom Investment Management LLC bought a new stake in SPDR S&P Metals & Mining ETF in the first quarter worth $51,000. 86.55% of the stock is currently owned by institutional investors.

SPDR S&P Metals & Mining ETF Stock Down 0.9%

NYSEARCA XME opened at $96.76 on Wednesday. The company has a 50-day simple moving average of $107.77 and a two-hundred day simple moving average of $112.99. SPDR S&P Metals & Mining ETF has a 12-month low of $85.63 and a 12-month high of $135.68. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 21.07 and a beta of 1.34.

SPDR S&P Metals & Mining ETF Company Profile