McAdam LLC Decreases Stock Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

McAdam LLC reduced its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 24.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,096 shares of the exchange traded fund’s stock after selling 2,356 shares during the period. McAdam LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Meritage Portfolio Management purchased a new position in SPDR S&P Metals & Mining ETF in the 4th quarter valued at about $3,604,000. CWM LLC boosted its stake in SPDR S&P Metals & Mining ETF by 62.8% during the 4th quarter. CWM LLC now owns 4,472 shares of the exchange traded fund’s stock valued at $268,000 after acquiring an additional 1,725 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in SPDR S&P Metals & Mining ETF by 3.0% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 89,952 shares of the exchange traded fund’s stock worth $5,382,000 after acquiring an additional 2,603 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of SPDR S&P Metals & Mining ETF by 10.3% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 36,776 shares of the exchange traded fund’s stock worth $2,199,000 after purchasing an additional 3,443 shares during the last quarter. Finally, Legend Financial Advisors Inc. raised its stake in shares of SPDR S&P Metals & Mining ETF by 0.6% in the 4th quarter. Legend Financial Advisors Inc. now owns 114,116 shares of the exchange traded fund’s stock valued at $6,828,000 after purchasing an additional 711 shares in the last quarter.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME stock opened at $61.39 on Tuesday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 6.36 and a beta of 1.24. SPDR S&P Metals & Mining ETF has a one year low of $44.17 and a one year high of $63.59. The company’s 50-day simple moving average is $58.98 and its 200-day simple moving average is $56.30.

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.