Belpointe Asset Management LLC Takes Position in SPDR S&P Metals & Mining ETF $XME

Belpointe Asset Management LLC bought a new stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,329 shares of the exchange traded fund’s stock, valued at approximately $403,000.

Other large investors have also added to or reduced their stakes in the company. Private Wealth Asset Management LLC acquired a new position in SPDR S&P Metals & Mining ETF in the 2nd quarter worth $30,000. Root Financial Partners LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the third quarter worth about $51,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the third quarter worth about $52,000. ORG Partners LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter worth about $59,000. Finally, Private Wealth Management Group LLC purchased a new position in SPDR S&P Metals & Mining ETF in the third quarter valued at about $60,000. 86.55% of the stock is owned by institutional investors and hedge funds.

SPDR S&P Metals & Mining ETF Stock Down 6.4%

Shares of NYSEARCA XME opened at $118.72 on Friday. SPDR S&P Metals & Mining ETF has a fifty-two week low of $45.89 and a fifty-two week high of $135.68. The business has a 50 day moving average price of $109.89 and a two-hundred day moving average price of $95.63. The firm has a market cap of $4.45 billion, a PE ratio of 21.07 and a beta of 1.28.

SPDR S&P Metals & Mining ETF Company Profile