AE Wealth Management LLC Reduces Stock Holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

AE Wealth Management LLC decreased its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,951 shares of the exchange traded fund’s stock after selling 412 shares during the quarter. AE Wealth Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EHP Funds Inc. purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the fourth quarter valued at approximately $5,908,000. Wealth Enhancement Advisory Services LLC increased its position in shares of SPDR S&P Metals & Mining ETF by 18.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,175 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 795 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in SPDR S&P Metals & Mining ETF by 0.7% during the fourth quarter. Ameriprise Financial Inc. now owns 40,488 shares of the exchange traded fund’s stock worth $2,298,000 after purchasing an additional 277 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of SPDR S&P Metals & Mining ETF by 13.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 61,212 shares of the exchange traded fund’s stock valued at $3,427,000 after purchasing an additional 7,034 shares in the last quarter. Finally, Prudential PLC increased its holdings in SPDR S&P Metals & Mining ETF by 128.6% during the 4th quarter. Prudential PLC now owns 42,340 shares of the exchange traded fund’s stock worth $2,403,000 after purchasing an additional 23,820 shares during the period. 86.55% of the stock is currently owned by institutional investors and hedge funds.

SPDR S&P Metals & Mining ETF Trading Down 1.2%

SPDR S&P Metals & Mining ETF stock opened at $72.41 on Friday. The company has a fifty day simple moving average of $68.60 and a 200-day simple moving average of $61.39. The stock has a market cap of $2.16 billion, a P/E ratio of 21.07 and a beta of 1.48. SPDR S&P Metals & Mining ETF has a 12-month low of $45.89 and a 12-month high of $78.86.

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.