Magnolia Capital Advisors LLC Takes Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Magnolia Capital Advisors LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the second quarter, HoldingsChannel reports. The fund acquired 17,888 shares of the exchange traded fund’s stock, valued at approximately $1,061,000.

A number of other large investors have also recently made changes to their positions in the stock. Fox Hill Wealth Management lifted its holdings in SPDR S&P Metals & Mining ETF by 1.5% in the 1st quarter. Fox Hill Wealth Management now owns 10,843 shares of the exchange traded fund’s stock worth $654,000 after purchasing an additional 164 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in SPDR S&P Metals & Mining ETF by 3.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,955 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 198 shares in the last quarter. Almanack Investment Partners LLC. lifted its holdings in SPDR S&P Metals & Mining ETF by 4.8% in the 1st quarter. Almanack Investment Partners LLC. now owns 4,923 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 227 shares in the last quarter. E&G Advisors LP lifted its holdings in SPDR S&P Metals & Mining ETF by 2.4% in the 2nd quarter. E&G Advisors LP now owns 10,116 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 240 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in SPDR S&P Metals & Mining ETF by 7.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 306 shares in the last quarter.

SPDR S&P Metals & Mining ETF Trading Down 0.1 %

NYSEARCA XME opened at $64.20 on Monday. The stock has a market cap of $2.17 billion, a PE ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a 12 month low of $48.01 and a 12 month high of $65.37. The stock’s 50 day moving average is $59.13 and its 200 day moving average is $60.31.

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.