SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Shares Sold by MGB Wealth Management LLC

MGB Wealth Management LLC reduced its holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 20.8% during the 3rd quarter, Holdings Channel reports. The firm owned 7,940 shares of the exchange traded fund’s stock after selling 2,079 shares during the quarter. MGB Wealth Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $506,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter worth approximately $133,812,000. Meitav Investment House Ltd. boosted its stake in shares of SPDR S&P Metals & Mining ETF by 78.0% in the second quarter. Meitav Investment House Ltd. now owns 1,026,759 shares of the exchange traded fund’s stock worth $60,902,000 after acquiring an additional 450,000 shares during the last quarter. Mirae Asset Securities USA Inc. acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the second quarter worth approximately $14,832,000. Raymond James & Associates boosted its stake in shares of SPDR S&P Metals & Mining ETF by 274.5% in the third quarter. Raymond James & Associates now owns 305,812 shares of the exchange traded fund’s stock worth $19,486,000 after acquiring an additional 224,151 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter worth approximately $12,677,000.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA:XME opened at $68.65 on Friday. The business’s 50 day moving average price is $64.58 and its 200-day moving average price is $61.80. The firm has a market capitalization of $2.32 billion, a PE ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a 1 year low of $52.76 and a 1 year high of $70.49.

SPDR S&P Metals & Mining ETF Profile

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.