Wellington Shields Capital Management LLC Decreases Stake in SPDR S&P Metals & Mining ETF $XME

Wellington Shields Capital Management LLC reduced its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 39.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 47,147 shares of the exchange traded fund’s stock after selling 30,832 shares during the period. Wellington Shields Capital Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $3,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in SPDR S&P Metals & Mining ETF in the 2nd quarter worth $807,000. BOS Asset Management LLC grew its position in shares of SPDR S&P Metals & Mining ETF by 0.9% in the second quarter. BOS Asset Management LLC now owns 16,414 shares of the exchange traded fund’s stock valued at $1,103,000 after purchasing an additional 149 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the second quarter worth about $83,000. Wormser Freres Gestion raised its position in shares of SPDR S&P Metals & Mining ETF by 100.0% during the 1st quarter. Wormser Freres Gestion now owns 2,000 shares of the exchange traded fund’s stock worth $114,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in SPDR S&P Metals & Mining ETF by 2.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,741 shares of the exchange traded fund’s stock valued at $657,000 after buying an additional 246 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 Price Performance

NYSEARCA XME opened at $96.59 on Monday. The stock’s 50 day simple moving average is $92.93 and its 200-day simple moving average is $76.08. The company has a market cap of $3.12 billion, a PE ratio of 21.07 and a beta of 1.28. SPDR S&P Metals & Mining ETF has a 1-year low of $45.89 and a 1-year high of $111.09.

SPDR S&P Metals & Mining ETF Company 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.