SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Sets New 52-Week Low – What’s Next?

SPDR S&P Metals & Mining ETF (NYSEARCA:XMEGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $53.20 and last traded at $53.14, with a volume of 2050097 shares. The stock had previously closed at $56.01.

SPDR S&P Metals & Mining ETF Trading Up 0.4 %

The stock has a market cap of $1.46 billion, a P/E ratio of 13.74 and a beta of 1.41. The stock has a 50 day simple moving average of $59.09 and a 200 day simple moving average of $61.52.

Hedge Funds Weigh In On SPDR S&P Metals & Mining ETF

Several hedge funds and other institutional investors have recently made changes to their positions in XME. ABLE Financial Group LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth approximately $210,000. Vermillion Wealth Management Inc. acquired a new stake in shares of SPDR S&P Metals & Mining ETF in the 4th quarter valued at $521,000. GTS Securities LLC boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 188.1% in the 4th quarter. GTS Securities LLC now owns 91,681 shares of the exchange traded fund’s stock valued at $5,203,000 after purchasing an additional 195,802 shares in the last quarter. Pettinga Financial Advisors LLC increased its stake in shares of SPDR S&P Metals & Mining ETF by 32.7% in the 4th quarter. Pettinga Financial Advisors LLC now owns 14,014 shares of the exchange traded fund’s stock valued at $795,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Sender Co & Partners Inc. acquired a new position in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth $2,171,000.

About SPDR S&P Metals & Mining ETF

(Get Free Report)

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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