SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $113.33 and traded as low as $110.57. SPDR S&P Metals & Mining ETF shares last traded at $111.32, with a volume of 1,157,426 shares trading hands.

SPDR S&P Metals & Mining ETF Stock Performance

The company has a market cap of $4.15 billion, a P/E ratio of 21.07 and a beta of 1.29. The firm’s fifty day moving average is $111.23 and its two-hundred day moving average is $113.30.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Several large investors have recently made changes to their positions in XME. Marshall Investment Management LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter worth approximately $694,000. Uniting Wealth Partners LLC bought a new stake in SPDR S&P Metals & Mining ETF during the 4th quarter valued at $5,538,000. Retirement Planning Group LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the 1st quarter worth $2,538,000. Baker Avenue Asset Management LP purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the 4th quarter worth $3,101,000. Finally, Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new position in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth $1,471,000. 86.55% of the stock is currently owned by hedge funds and other institutional investors.

About SPDR S&P Metals & Mining ETF