Axxcess Wealth Management LLC Takes $212,000 Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Axxcess Wealth Management LLC bought a new position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 3,540 shares of the exchange traded fund’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of SPDR S&P Metals & Mining ETF by 20.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 32,788 shares of the exchange traded fund’s stock worth $1,721,000 after purchasing an additional 5,548 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in SPDR S&P Metals & Mining ETF by 85.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 73,530 shares of the exchange traded fund’s stock valued at $3,860,000 after purchasing an additional 33,901 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in SPDR S&P Metals & Mining ETF in the 3rd quarter worth approximately $1,806,000. Whittier Trust Co. boosted its stake in SPDR S&P Metals & Mining ETF by 99.5% in the 3rd quarter. Whittier Trust Co. now owns 788 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 393 shares during the period. Finally, Financial Advocates Investment Management bought a new stake in shares of SPDR S&P Metals & Mining ETF during the third quarter valued at approximately $182,000.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of NYSEARCA:XME opened at $62.09 on Friday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20. The firm has a fifty day moving average price of $59.69 and a 200 day moving average price of $56.78. SPDR S&P Metals & Mining ETF has a fifty-two week low of $44.17 and a fifty-two week high of $63.59.

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.