McAdam LLC Lowers Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

McAdam LLC cut its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,625 shares of the exchange traded fund’s stock after selling 491 shares during the period. McAdam LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in SPDR S&P Metals & Mining ETF by 13.7% in the second quarter. Farther Finance Advisors LLC now owns 4,958 shares of the exchange traded fund’s stock worth $299,000 after buying an additional 597 shares during the period. Prudential PLC lifted its holdings in SPDR S&P Metals & Mining ETF by 52.5% in the second quarter. Prudential PLC now owns 77,560 shares of the exchange traded fund’s stock worth $4,602,000 after buying an additional 26,700 shares during the period. LPL Financial LLC lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 30.6% during the second quarter. LPL Financial LLC now owns 549,027 shares of the exchange traded fund’s stock valued at $32,574,000 after purchasing an additional 128,573 shares during the last quarter. Wellington Shields & Co. LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the first quarter valued at approximately $60,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the first quarter valued at approximately $369,000.

SPDR S&P Metals & Mining ETF Stock Performance

XME stock opened at $64.43 on Friday. The firm has a 50 day moving average price of $61.00 and a 200-day moving average price of $61.01. SPDR S&P Metals & Mining ETF has a 52-week low of $48.63 and a 52-week high of $67.20. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20.

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.