Migdal Insurance & Financial Holdings Ltd. Buys 830,230 Shares of SPDR S&P Metals & Mining ETF $XME

Migdal Insurance & Financial Holdings Ltd. bought a new position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 830,230 shares of the exchange traded fund’s stock, valued at approximately $85,979,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XME. Bank of America Corp DE grew its position in SPDR S&P Metals & Mining ETF by 302.8% during the first 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. Royal Bank of Canada increased its stake in 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 acquiring an additional 24,319 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in SPDR S&P Metals & Mining ETF during the first quarter worth about $17,713,000. Vestor Capital LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth about $10,796,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter worth about $9,524,000. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of NYSEARCA:XME traded down $1.51 during trading on Friday, reaching $93.74. 1,157,287 shares of the stock were exchanged, compared to its average volume of 2,239,820. SPDR S&P Metals & Mining ETF has a 12-month low of $85.63 and a 12-month high of $135.68. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 15.55 and a beta of 1.35. The firm’s 50-day moving average price is $103.90 and its 200 day moving average price is $111.70.

SPDR S&P Metals & Mining ETF Company Profile

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. The Fund invests in industries, such as steel, coal and consumable fuels, gold, precious metals and minerals, aluminum, and diversified metals and mining. The Fund’s investment advisor is SSgA Funds Management, Inc.