SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Reaches New 12-Month High – What’s Next?

SPDR S&P Metals & Mining ETF (NYSEARCA:XME) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $89.56 and last traded at $88.24, with a volume of 2157163 shares. The stock had previously closed at $89.09.

SPDR S&P Metals & Mining ETF Stock Down 1.0%

The firm has a 50 day moving average price of $78.66 and a 200 day moving average price of $66.04. The stock has a market capitalization of $2.51 billion, a PE ratio of 21.07 and a beta of 1.48.

Institutional Trading of SPDR S&P Metals & Mining ETF

Several institutional investors have recently made changes to their positions in XME. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SPDR S&P Metals & Mining ETF by 18.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,175 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 795 shares during the last quarter. Ameriprise Financial Inc. increased its stake in SPDR S&P Metals & Mining ETF by 0.7% in the 4th quarter. Ameriprise Financial Inc. now owns 40,488 shares of the exchange traded fund’s stock valued at $2,298,000 after buying an additional 277 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in SPDR S&P Metals & Mining ETF by 13.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,212 shares of the exchange traded fund’s stock valued at $3,427,000 after buying an additional 7,034 shares during the last quarter. Wormser Freres Gestion lifted its position in shares of SPDR S&P Metals & Mining ETF by 100.0% during the 1st quarter. Wormser Freres Gestion now owns 2,000 shares of the exchange traded fund’s stock worth $114,000 after buying an additional 1,000 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 2.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,741 shares of the exchange traded fund’s stock worth $657,000 after buying an additional 246 shares during the last quarter. Institutional investors own 86.55% of the company’s stock.

About SPDR S&P Metals & Mining ETF

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.