SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Reaches New 1-Year High – Should You Buy?

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) shares hit a new 52-week high during trading on Monday . The company traded as high as $111.33 and last traded at $110.3110, with a volume of 1170288 shares changing hands. The stock had previously closed at $107.53.

SPDR S&P Metals & Mining ETF Trading Down 0.7%

The business has a 50-day moving average of $99.10 and a two-hundred day moving average of $89.07. The firm has a market cap of $3.78 billion, a P/E ratio of 21.07 and a beta of 1.28.

Institutional Investors Weigh In On SPDR S&P Metals & Mining ETF

Several hedge funds have recently added to or reduced their stakes in the business. Menora Mivtachim Holdings LTD. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 225.5% during the second quarter. Menora Mivtachim Holdings LTD. now owns 2,793,050 shares of the exchange traded fund’s stock worth $187,749,000 after purchasing an additional 1,935,000 shares during the period. JPMorgan Chase & Co. raised its position in SPDR S&P Metals & Mining ETF by 2,642.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,959,322 shares of the exchange traded fund’s stock worth $131,706,000 after purchasing an additional 1,887,867 shares during the last quarter. Citigroup Inc. lifted its holdings in 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 buying an additional 311,902 shares during the period. SCS Capital Management LLC grew its position in shares of SPDR S&P Metals & Mining ETF by 1.9% in the 2nd quarter. SCS Capital Management LLC now owns 455,434 shares of the exchange traded fund’s stock valued at $30,614,000 after buying an additional 8,687 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of SPDR S&P Metals & Mining ETF by 6.7% in the third quarter. Raymond James Financial Inc. now owns 369,903 shares of the exchange traded fund’s stock valued at $34,471,000 after buying an additional 23,212 shares during the period. 86.55% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Metals & Mining ETF Company Profile