Envestnet Asset Management Inc. Decreases Stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Envestnet Asset Management Inc. trimmed its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 10.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,360 shares of the exchange traded fund’s stock after selling 2,481 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of SPDR S&P Metals & Mining ETF worth $1,196,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. EHP Funds Inc. acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the fourth quarter worth approximately $5,908,000. Wealth Enhancement Advisory Services LLC grew its holdings in 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 acquiring an additional 795 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in SPDR S&P Metals & Mining ETF by 0.7% during the 4th quarter. Ameriprise Financial Inc. now owns 40,488 shares of the exchange traded fund’s stock worth $2,298,000 after acquiring an additional 277 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of SPDR S&P Metals & Mining ETF by 13.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 61,212 shares of the exchange traded fund’s stock worth $3,427,000 after purchasing an additional 7,034 shares during the last quarter. Finally, Prudential PLC raised its stake in shares of SPDR S&P Metals & Mining ETF by 128.6% in the 4th quarter. Prudential PLC now owns 42,340 shares of the exchange traded fund’s stock valued at $2,403,000 after purchasing an additional 23,820 shares in the last quarter. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME stock opened at $72.41 on Friday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.07 and a beta of 1.48. SPDR S&P Metals & Mining ETF has a one year low of $45.89 and a one year high of $78.86. The company’s 50-day simple moving average is $68.60 and its 200-day simple moving average is $61.39.

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.