Ifrah Financial Services Inc. Increases Holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Ifrah Financial Services Inc. increased its stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 57.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,748 shares of the exchange traded fund’s stock after buying an additional 3,204 shares during the quarter. Ifrah Financial Services Inc.’s holdings in SPDR S&P Metals & Mining ETF were worth $523,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC purchased a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter valued at $212,000. Benjamin F. Edwards & Company Inc. raised its position in SPDR S&P Metals & Mining ETF by 15.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 182,936 shares of the exchange traded fund’s stock valued at $10,945,000 after purchasing an additional 23,889 shares during the period. Benjamin Edwards Inc. raised its position in SPDR S&P Metals & Mining ETF by 16.6% in the fourth quarter. Benjamin Edwards Inc. now owns 6,213 shares of the exchange traded fund’s stock valued at $372,000 after purchasing an additional 886 shares during the period. Triumph Capital Management raised its position in SPDR S&P Metals & Mining ETF by 4.1% in the fourth quarter. Triumph Capital Management now owns 7,110 shares of the exchange traded fund’s stock valued at $425,000 after purchasing an additional 278 shares during the period. Finally, Meritage Portfolio Management purchased a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter valued at $3,604,000.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of NYSEARCA XME traded up $0.74 during trading on Friday, reaching $60.84. The stock had a trading volume of 3,977,111 shares, compared to its average volume of 2,926,688. SPDR S&P Metals & Mining ETF has a fifty-two week low of $44.17 and a fifty-two week high of $63.59. The business’s 50-day moving average price is $59.29 and its 200-day moving average price is $56.47. The company has a market cap of $2.05 billion, a P/E ratio of 6.15 and a beta of 1.20.

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.