Merit Financial Group LLC Has $3.28 Million Stock Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Merit Financial Group LLC decreased its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,825 shares of the exchange traded fund’s stock after selling 4,991 shares during the quarter. Merit Financial Group LLC owned approximately 0.15% of SPDR S&P Metals & Mining ETF worth $3,280,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XME. EHP Funds Inc. acquired a new position in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth $10,526,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 231.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 114,155 shares of the exchange traded fund’s stock worth $6,830,000 after buying an additional 79,755 shares during the period. International Assets Investment Management LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth $4,637,000. HighTower Advisors LLC boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 23.6% during the 3rd quarter. HighTower Advisors LLC now owns 396,774 shares of the exchange traded fund’s stock worth $20,825,000 after buying an additional 75,806 shares during the period. Finally, Meritage Portfolio Management bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth $3,604,000.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA XME traded up $0.74 during trading hours on Friday, hitting $60.84. 3,977,111 shares of the stock were exchanged, compared to its average volume of 2,926,688. The company’s 50 day moving average is $59.29 and its 200 day moving average is $56.47. The firm has a market capitalization of $2.05 billion, a P/E ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a one year low of $44.17 and a one year high of $63.59.

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.