Herbst Group LLC Has $2.11 Million Stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Herbst Group LLC boosted its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 6.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,520 shares of the exchange traded fund’s stock after buying an additional 2,382 shares during the period. SPDR S&P Metals & Mining ETF makes up approximately 1.5% of Herbst Group LLC’s investment portfolio, making the stock its 28th largest position. Herbst Group LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $2,110,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XME. Strategic Investment Solutions Inc. IL acquired a new stake in SPDR S&P Metals & Mining ETF during the first quarter worth about $27,000. ICA Group Wealth Management LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the fourth quarter worth about $27,000. Bell Investment Advisors Inc acquired a new stake in SPDR S&P Metals & Mining ETF during the first quarter worth about $28,000. Money Concepts Capital Corp grew its stake in SPDR S&P Metals & Mining ETF by 291.1% during the fourth quarter. Money Concepts Capital Corp now owns 571 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 425 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the first quarter worth about $56,000.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME traded down $0.09 during mid-day trading on Tuesday, reaching $52.66. The company had a trading volume of 407,583 shares, compared to its average volume of 3,354,553. The company’s 50 day simple moving average is $51.95 and its 200 day simple moving average is $50.65. SPDR S&P Metals & Mining ETF has a 1-year low of $40.76 and a 1-year high of $59.24. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 4.92 and a beta of 1.48.

SPDR S&P Metals & Mining ETF Company 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.