Ted Buchan & Co bought a new position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 61,506 shares of the exchange traded fund’s stock, valued at approximately $3,649,000. SPDR S&P Metals & Mining ETF comprises about 2.0% of Ted Buchan & Co’s portfolio, making the stock its 14th biggest position.
Other hedge funds have also modified their holdings of the company. Zions Bancorporation N.A. acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 2nd quarter worth $30,000. Asset Dedication LLC grew its holdings in shares of SPDR S&P Metals & Mining ETF by 963.5% during the second quarter. Asset Dedication LLC now owns 553 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 501 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the second quarter valued at $35,000. Quintet Private Bank Europe S.A. purchased a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at $45,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the first quarter valued at $60,000.
SPDR S&P Metals & Mining ETF Trading Down 0.7 %
Shares of XME stock opened at $63.72 on Tuesday. SPDR S&P Metals & Mining ETF has a 1-year low of $48.01 and a 1-year high of $65.37. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20. The stock’s fifty day simple moving average is $59.17 and its 200-day simple moving average is $60.37.
SPDR S&P Metals & Mining ETF Profile
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.
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