Shah Wealth Advisors LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 72,892 shares of the exchange traded fund’s stock, valued at approximately $7,794,000. SPDR S&P Metals & Mining ETF comprises about 1.8% of Shah Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its position in SPDR S&P Metals & Mining ETF by 302.8% in the 1st quarter. Bank of America Corp DE now owns 7,579,721 shares of the exchange traded fund’s stock valued at $818,686,000 after acquiring an additional 5,697,852 shares during the period. Bank of Nova Scotia increased its holdings in shares of SPDR S&P Metals & Mining ETF by 412.3% in the fourth quarter. Bank of Nova Scotia now owns 1,035,072 shares of the exchange traded fund’s stock valued at $107,244,000 after purchasing an additional 833,020 shares during the period. LPL Financial LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 6.5% in the fourth quarter. LPL Financial LLC now owns 608,679 shares of the exchange traded fund’s stock valued at $63,065,000 after purchasing an additional 36,989 shares during the period. Raymond James Financial Inc. raised its stake in shares of SPDR S&P Metals & Mining ETF by 6.7% during the third quarter. Raymond James Financial Inc. now owns 369,903 shares of the exchange traded fund’s stock worth $34,471,000 after purchasing an additional 23,212 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of SPDR S&P Metals & Mining ETF by 9.3% during the first quarter. Royal Bank of Canada now owns 286,381 shares of the exchange traded fund’s stock worth $30,932,000 after purchasing an additional 24,319 shares during the last quarter. 86.55% of the stock is owned by hedge funds and other institutional investors.
SPDR S&P Metals & Mining ETF Price Performance
Shares of NYSEARCA XME opened at $118.62 on Friday. The stock has a fifty day moving average price of $109.45 and a 200 day moving average price of $113.62. SPDR S&P Metals & Mining ETF has a 1-year low of $81.62 and a 1-year high of $135.68. The company has a market cap of $4.53 billion, a PE ratio of 21.07 and a beta of 1.29.
SPDR S&P Metals & Mining ETF Profile
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