Meridian Wealth Management LLC Boosts Holdings in SPDR S&P Metals & Mining ETF $XME

Meridian Wealth Management LLC lifted its holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 177.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,729 shares of the exchange traded fund’s stock after purchasing an additional 18,359 shares during the period. Meridian Wealth Management LLC owned approximately 0.09% of SPDR S&P Metals & Mining ETF worth $2,677,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Wealth Asset Management LLC purchased a new position in SPDR S&P Metals & Mining ETF in the 2nd quarter valued at approximately $30,000. Root Financial Partners LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at $51,000. Glass Jacobson Investment Advisors llc purchased a new position in SPDR S&P Metals & Mining ETF in the third quarter valued at $52,000. ORG Partners LLC purchased a new position in SPDR S&P Metals & Mining ETF in the third quarter valued at $59,000. Finally, Private Wealth Management Group LLC acquired a new position in SPDR S&P Metals & Mining ETF during the 3rd quarter worth $60,000. 86.55% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA XME opened at $118.72 on Monday. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 21.07 and a beta of 1.28. The stock’s 50-day moving average is $109.89 and its two-hundred day moving average is $95.79. SPDR S&P Metals & Mining ETF has a 1-year low of $45.89 and a 1-year high of $135.68.

SPDR S&P Metals & Mining ETF Company Profile