SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Sets New 52-Week Low – What’s Next?

Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) reached a new 52-week low during trading on Thursday . The stock traded as low as $52.76 and last traded at $52.88, with a volume of 693883 shares trading hands. The stock had previously closed at $56.48.

SPDR S&P Metals & Mining ETF Price Performance

The business’s 50-day moving average is $58.26 and its 200 day moving average is $61.37. The firm has a market capitalization of $1.36 billion, a P/E ratio of 16.51 and a beta of 1.30.

SPDR S&P Metals & Mining ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a $0.0688 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of SPDR S&P Metals & Mining ETF

Large investors have recently modified their holdings of the stock. Verition Fund Management LLC bought a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth about $312,000. MML Investors Services LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 3.1% during the 3rd quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after acquiring an additional 238 shares during the period. Continuum Advisory LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth approximately $55,000. Fortem Financial Group LLC raised its position in SPDR S&P Metals & Mining ETF by 0.5% during the third quarter. Fortem Financial Group LLC now owns 91,742 shares of the exchange traded fund’s stock valued at $5,846,000 after purchasing an additional 492 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in SPDR S&P Metals & Mining ETF by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 624,702 shares of the exchange traded fund’s stock worth $39,806,000 after purchasing an additional 108,336 shares during the last quarter.

About SPDR S&P Metals & Mining ETF

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.