SPDR S&P Metals & Mining ETF $XME Shares Sold by Herbst Group LLC

Herbst Group LLC reduced its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 17.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,315 shares of the exchange traded fund’s stock after selling 7,187 shares during the period. SPDR S&P Metals & Mining ETF makes up approximately 1.9% of Herbst Group LLC’s portfolio, making the stock its 20th largest position. Herbst Group LLC owned about 0.08% of SPDR S&P Metals & Mining ETF worth $3,562,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Forefront Wealth Partners LLC increased its position in SPDR S&P Metals & Mining ETF by 3.4% during the 4th quarter. Forefront Wealth Partners LLC now owns 2,582 shares of the exchange traded fund’s stock worth $268,000 after purchasing an additional 84 shares during the period. Riggs Asset Managment Co. Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 2.3% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 4,234 shares of the exchange traded fund’s stock valued at $439,000 after buying an additional 94 shares during the period. Keudell Morrison Wealth Management boosted its stake in shares of SPDR S&P Metals & Mining ETF by 4.1% in the first quarter. Keudell Morrison Wealth Management now owns 2,910 shares of the exchange traded fund’s stock valued at $314,000 after buying an additional 115 shares in the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of SPDR S&P Metals & Mining ETF by 72.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 296 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 124 shares in the last quarter. Finally, World Investment Advisors grew its holdings in SPDR S&P Metals & Mining ETF by 3.2% during the first quarter. World Investment Advisors now owns 4,218 shares of the exchange traded fund’s stock worth $456,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA:XME opened at $115.74 on Monday. The stock has a fifty day moving average price of $109.57 and a two-hundred day moving average price of $114.39. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 21.07 and a beta of 1.27. SPDR S&P Metals & Mining ETF has a 1 year low of $76.46 and a 1 year high of $135.68.

SPDR S&P Metals & Mining ETF Company Profile