SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Reaches New 12-Month High – Should You Buy?

Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XMEGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $119.45 and last traded at $118.8720, with a volume of 447238 shares trading hands. The stock had previously closed at $116.90.

SPDR S&P Metals & Mining ETF Stock Up 3.2%

The stock has a market capitalization of $4.03 billion, a P/E ratio of 21.07 and a beta of 1.28. The stock’s 50 day moving average price is $99.86 and its 200-day moving average price is $89.93.

Institutional Trading of SPDR S&P Metals & Mining ETF

A number of institutional investors have recently made changes to their positions in XME. MGO One Seven LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 1.9% during the third quarter. MGO One Seven LLC now owns 6,363 shares of the exchange traded fund’s stock valued at $593,000 after acquiring an additional 118 shares in the last quarter. Assetmark Inc. grew its position in SPDR S&P Metals & Mining ETF by 33.0% during the 3rd quarter. Assetmark Inc. now owns 572 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 142 shares during the last quarter. BOS Asset Management LLC increased its stake in SPDR S&P Metals & Mining ETF by 0.9% during the 2nd quarter. BOS Asset Management LLC now owns 16,414 shares of the exchange traded fund’s stock valued at $1,103,000 after purchasing an additional 149 shares in the last quarter. RPg Family Wealth Advisory LLC raised its holdings in shares of SPDR S&P Metals & Mining ETF by 1.4% in the second quarter. RPg Family Wealth Advisory LLC now owns 12,699 shares of the exchange traded fund’s stock worth $854,000 after buying an additional 171 shares during the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its stake in shares of SPDR S&P Metals & Mining ETF by 2.8% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,351 shares of the exchange traded fund’s stock worth $685,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Company Profile

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