Meitav Investment House Ltd. Has $79.59 Million Stake in SPDR S&P Metals & Mining ETF $XME

Meitav Investment House Ltd. reduced its stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 12.2% in the 1st quarter, Holdings Channel reports. The firm owned 736,863 shares of the exchange traded fund’s stock after selling 102,241 shares during the quarter. SPDR S&P Metals & Mining ETF accounts for 0.9% of Meitav Investment House Ltd.’s investment portfolio, making the stock its 27th largest holding. Meitav Investment House Ltd.’s holdings in SPDR S&P Metals & Mining ETF were worth $79,589,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XME. Forefront Wealth Partners LLC increased its stake in shares of SPDR S&P Metals & Mining ETF by 3.4% in the fourth quarter. Forefront Wealth Partners LLC now owns 2,582 shares of the exchange traded fund’s stock valued at $268,000 after buying an additional 84 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in shares of SPDR S&P Metals & Mining ETF by 2.3% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 4,234 shares of the exchange traded fund’s stock worth $439,000 after acquiring an additional 94 shares during the period. Keudell Morrison Wealth Management lifted its stake in shares of SPDR S&P Metals & Mining ETF by 4.1% in the first quarter. Keudell Morrison Wealth Management now owns 2,910 shares of the exchange traded fund’s stock worth $314,000 after acquiring an additional 115 shares during the period. Evolution Wealth Management Inc. boosted its holdings in SPDR S&P Metals & Mining ETF by 72.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 296 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 124 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in SPDR S&P Metals & Mining ETF by 3.2% in the first quarter. World Investment Advisors now owns 4,218 shares of the exchange traded fund’s stock valued at $456,000 after acquiring an additional 129 shares during the last quarter. 86.55% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Metals & Mining ETF Trading Down 4.1%

NYSEARCA:XME traded down $4.37 on Tuesday, reaching $101.71. 932,740 shares of the stock traded hands, compared to its average volume of 2,547,304. SPDR S&P Metals & Mining ETF has a 1-year low of $68.06 and a 1-year high of $135.68. The company’s 50 day moving average is $117.26 and its 200-day moving average is $115.79. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 21.07 and a beta of 1.26.

About SPDR S&P Metals & Mining ETF