Freedom Investment Management Inc. Cuts Stock Position in SPDR S&P Metals & Mining ETF $XME

Freedom Investment Management Inc. lowered its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,418 shares of the exchange traded fund’s stock after selling 183 shares during the period. Freedom Investment Management Inc.’s holdings in SPDR S&P Metals & Mining ETF were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BOS Asset Management LLC lifted its position in SPDR S&P Metals & Mining ETF by 0.9% in the 2nd quarter. BOS Asset Management LLC now owns 16,414 shares of the exchange traded fund’s stock valued at $1,103,000 after acquiring an additional 149 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in SPDR S&P Metals & Mining ETF in the 2nd quarter valued at approximately $83,000. Cambridge Investment Research Advisors Inc. lifted its position in SPDR S&P Metals & Mining ETF by 13.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,212 shares of the exchange traded fund’s stock valued at $3,427,000 after acquiring an additional 7,034 shares in the last quarter. Wormser Freres Gestion lifted its position in SPDR S&P Metals & Mining ETF by 100.0% in the 1st quarter. Wormser Freres Gestion now owns 2,000 shares of the exchange traded fund’s stock valued at $114,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in SPDR S&P Metals & Mining ETF by 2.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,741 shares of the exchange traded fund’s stock valued at $657,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Trading Down 2.1%

XME stock opened at $97.75 on Tuesday. The stock has a market capitalization of $3.23 billion, a PE ratio of 21.07 and a beta of 1.28. SPDR S&P Metals & Mining ETF has a 12-month low of $45.89 and a 12-month high of $111.09. The stock’s 50 day simple moving average is $91.38 and its 200 day simple moving average is $74.71.

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.