Royal Bank of Canada Raises Stock Position in SPDR S&P Metals & Mining ETF $XME

Royal Bank of Canada boosted its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 9.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 286,381 shares of the exchange traded fund’s stock after buying an additional 24,319 shares during the period. Royal Bank of Canada’s holdings in SPDR S&P Metals & Mining ETF were worth $30,932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new stake in SPDR S&P Metals & Mining ETF in the 1st quarter valued at approximately $27,000. Geneos Wealth Management Inc. purchased a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter valued at approximately $30,000. Evolution Wealth Management Inc. raised its position 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 purchasing an additional 124 shares during the period. Finally, Strive Financial Group LLC acquired a new position in SPDR S&P Metals & Mining ETF during the fourth quarter worth $39,000. 86.55% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Stock Up 2.4%

XME opened at $103.11 on Tuesday. SPDR S&P Metals & Mining ETF has a 52 week low of $72.55 and a 52 week high of $135.68. The business has a fifty day simple moving average of $110.59 and a 200-day simple moving average of $114.74. The firm has a market cap of $3.94 billion, a P/E ratio of 21.07 and a beta of 1.26.

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