Western Wealth Management LLC Increases Stake in SPDR S&P Metals & Mining ETF $XME

Western Wealth Management LLC grew its holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 232.4% during the 1st quarter, Holdings Channel reports. The fund owned 11,499 shares of the exchange traded fund’s stock after buying an additional 8,040 shares during the period. Western Wealth Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of XME. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the 4th quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in SPDR S&P Metals & Mining ETF during the first quarter valued at $27,000. Geneos Wealth Management Inc. purchased a new position in SPDR S&P Metals & Mining ETF during the fourth quarter valued at $30,000. Evolution Wealth Management Inc. grew its holdings in SPDR S&P Metals & Mining ETF by 72.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 296 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 124 shares during the period. Finally, Strive Financial Group LLC bought a new stake in SPDR S&P Metals & Mining ETF during the fourth quarter valued at about $39,000. Institutional investors own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Down 0.9%

Shares of XME opened at $116.79 on Thursday. The business has a 50-day simple moving average of $108.83 and a two-hundred day simple moving average of $114.17. SPDR S&P Metals & Mining ETF has a 52 week low of $76.46 and a 52 week high of $135.68. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 21.07 and a beta of 1.27.

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