ARS Investment Partners LLC Cuts Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

ARS Investment Partners LLC lessened its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,160 shares of the exchange traded fund’s stock after selling 977 shares during the quarter. ARS Investment Partners LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $4,833,000 as of its most recent SEC filing.

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

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME stock opened at $60.33 on Tuesday. SPDR S&P Metals & Mining ETF has a 52-week low of $53.38 and a 52-week high of $70.49. The firm has a market capitalization of $2.04 billion, a P/E ratio of 6.15 and a beta of 1.20. The stock has a 50 day moving average price of $62.23 and a 200 day moving average price of $61.79.

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.