SCS Capital Management LLC Purchases 8,687 Shares of SPDR S&P Metals & Mining ETF $XME

SCS Capital Management LLC boosted its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 455,434 shares of the exchange traded fund’s stock after purchasing an additional 8,687 shares during the period. SCS Capital Management LLC owned about 1.60% of SPDR S&P Metals & Mining ETF worth $30,614,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of XME. JPMorgan Chase & Co. raised its holdings in shares of SPDR S&P Metals & Mining ETF by 2,642.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,959,322 shares of the exchange traded fund’s stock worth $131,706,000 after buying an additional 1,887,867 shares in the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in SPDR S&P Metals & Mining ETF in the first quarter valued at about $48,042,000. HighTower Advisors LLC grew its position in SPDR S&P Metals & Mining ETF by 7.5% in the first quarter. HighTower Advisors LLC now owns 364,932 shares of the exchange traded fund’s stock valued at $20,433,000 after acquiring an additional 25,569 shares during the last quarter. Hsbc Holdings PLC raised its stake in SPDR S&P Metals & Mining ETF by 4,583.6% during the first quarter. Hsbc Holdings PLC now owns 180,506 shares of the exchange traded fund’s stock worth $9,998,000 after acquiring an additional 176,652 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in SPDR S&P Metals & Mining ETF during the first quarter worth about $8,260,000. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Trading Up 1.1%

XME stock opened at $100.80 on Friday. The firm has a 50-day moving average price of $96.78 and a 200-day moving average price of $81.88. SPDR S&P Metals & Mining ETF has a 12 month low of $45.89 and a 12 month high of $111.09. The stock has a market capitalization of $3.18 billion, a P/E ratio of 21.07 and a beta of 1.28.

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.