JPMorgan Chase & Co. Sells 1,620,946 Shares of SPDR S&P Metals & Mining ETF $XME

JPMorgan Chase & Co. reduced its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XMEFree Report) by 82.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338,376 shares of the exchange traded fund’s stock after selling 1,620,946 shares during the quarter. JPMorgan Chase & Co. owned about 1.07% of SPDR S&P Metals & Mining ETF worth $31,533,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XME. Allworth Financial LP increased its position in SPDR S&P Metals & Mining ETF by 13.7% during the 3rd quarter. Allworth Financial LP now owns 3,768 shares of the exchange traded fund’s stock valued at $351,000 after purchasing an additional 453 shares during the period. Maven Securities LTD lifted its position in shares of SPDR S&P Metals & Mining ETF by 80.6% in the 3rd quarter. Maven Securities LTD now owns 50,847 shares of the exchange traded fund’s stock worth $4,741,000 after purchasing an additional 22,691 shares during the period. Sunbelt Securities Inc. lifted its position in shares of SPDR S&P Metals & Mining ETF by 49.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 598 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 198 shares during the period. Advisory Services Network LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 5.8% in the 3rd quarter. Advisory Services Network LLC now owns 10,806 shares of the exchange traded fund’s stock valued at $1,007,000 after purchasing an additional 597 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of SPDR S&P Metals & Mining ETF by 116.3% in the 3rd quarter. NewEdge Advisors LLC now owns 5,578 shares of the exchange traded fund’s stock valued at $520,000 after purchasing an additional 2,999 shares during the last quarter. 86.55% of the stock is currently owned by institutional investors.

SPDR S&P Metals & Mining ETF Stock Down 3.3%

XME opened at $101.73 on Monday. SPDR S&P Metals & Mining ETF has a twelve month low of $45.89 and a twelve month high of $135.68. The company has a fifty day moving average of $118.98 and a 200-day moving average of $105.19. The stock has a market cap of $3.87 billion, a PE ratio of 21.07 and a beta of 1.28.

SPDR S&P Metals & Mining ETF Profile

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Institutional Ownership by Quarter for SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

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