SPDR S&P Metals & Mining ETF $XME Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 569.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,984 shares of the exchange traded fund’s stock after purchasing an additional 146,289 shares during the period. Envestnet Asset Management Inc. owned approximately 0.53% of SPDR S&P Metals & Mining ETF worth $16,027,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in XME. Root Financial Partners LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF in the third quarter worth about $51,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the third quarter worth about $52,000. ORG Partners LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter worth about $59,000. Private Wealth Management Group LLC purchased a new position in SPDR S&P Metals & Mining ETF in the third quarter valued at about $60,000. Finally, Global Trust Asset Management LLC grew its stake in SPDR S&P Metals & Mining ETF by 62.5% during the 3rd quarter. Global Trust Asset Management LLC now owns 650 shares of the exchange traded fund’s stock valued at $61,000 after purchasing an additional 250 shares in the last quarter. 86.55% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Stock Up 1.0%

XME stock opened at $117.83 on Monday. The stock’s 50 day moving average is $114.79 and its two-hundred day moving average is $98.94. SPDR S&P Metals & Mining ETF has a 52-week low of $45.89 and a 52-week high of $135.68. The company has a market capitalization of $4.48 billion, a PE ratio of 21.07 and a beta of 1.28.

SPDR S&P Metals & Mining ETF Company Profile