PFG Advisors Sells 4,623 Shares of SPDR S&P Metals & Mining ETF $XME

PFG Advisors cut its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XMEFree Report) by 15.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,930 shares of the exchange traded fund’s stock after selling 4,623 shares during the period. PFG Advisors owned approximately 0.07% of SPDR S&P Metals & Mining ETF worth $2,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Citigroup Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 179.3% during the 3rd quarter. Citigroup Inc. now owns 485,894 shares of the exchange traded fund’s stock worth $45,281,000 after acquiring an additional 311,902 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 6.7% during the 3rd quarter. Raymond James Financial Inc. now owns 369,903 shares of the exchange traded fund’s stock worth $34,471,000 after acquiring an additional 23,212 shares during the period. HighTower Advisors LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 323,328 shares of the exchange traded fund’s stock worth $30,131,000 after acquiring an additional 3,505 shares during the period. Tidal Investments LLC bought a new position in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth about $19,342,000. Finally, Bank of Nova Scotia lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 5,172.8% during the 3rd quarter. Bank of Nova Scotia now owns 202,052 shares of the exchange traded fund’s stock worth $18,829,000 after acquiring an additional 198,220 shares during the period. 86.55% of the stock is owned by institutional investors.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA:XME opened at $117.37 on Wednesday. The company has a 50-day moving average of $113.31 and a 200-day moving average of $108.57. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 21.07 and a beta of 1.24. SPDR S&P Metals & Mining ETF has a 52 week low of $53.59 and a 52 week high of $135.68.

SPDR S&P Metals & Mining ETF Company Profile

(Free Report)

Further Reading

Institutional Ownership by Quarter for SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

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