SPDR S&P Metals & Mining ETF $XME Position Cut by Jennison Associates LLC

Jennison Associates LLC reduced its holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 17.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,898 shares of the exchange traded fund’s stock after selling 14,810 shares during the quarter. Jennison Associates LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $7,334,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in SPDR S&P Metals & Mining ETF during the 1st quarter worth $118,000. Advisortrust Partners LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the first quarter valued at about $52,000. Main Street Group LTD bought a new stake in shares of SPDR S&P Metals & Mining ETF during the first quarter valued at about $43,000. Independent Financial Group LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the first quarter valued at about $1,399,000. Finally, Lane Brothers & Co. Inc. lifted its holdings in SPDR S&P Metals & Mining ETF by 9.6% in the first quarter. Lane Brothers & Co. Inc. now owns 21,717 shares of the exchange traded fund’s stock worth $2,346,000 after purchasing an additional 1,902 shares during the period. Institutional investors own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Up 3.9%

Shares of XME opened at $101.60 on Wednesday. The firm has a market capitalization of $4.04 billion, a PE ratio of 21.07 and a beta of 1.26. The firm has a 50-day moving average price of $113.19 and a 200 day moving average price of $115.49. SPDR S&P Metals & Mining ETF has a 52-week low of $71.07 and a 52-week high of $135.68.

SPDR S&P Metals & Mining ETF Company Profile