Corvex Management LP Invests $539,000 in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Corvex Management LP bought a new stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,500 shares of the exchange traded fund’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in SPDR S&P Metals & Mining ETF by 7.7% during the 1st quarter. Global Retirement Partners LLC now owns 3,942 shares of the exchange traded fund’s stock worth $157,000 after acquiring an additional 282 shares during the period. Rathbone Brothers plc raised its stake in shares of SPDR S&P Metals & Mining ETF by 3.3% during the 1st quarter. Rathbone Brothers plc now owns 9,489 shares of the exchange traded fund’s stock worth $379,000 after buying an additional 299 shares in the last quarter. Financial Advocates Investment Management raised its stake in shares of SPDR S&P Metals & Mining ETF by 3.7% during the 1st quarter. Financial Advocates Investment Management now owns 11,442 shares of the exchange traded fund’s stock worth $457,000 after buying an additional 413 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of SPDR S&P Metals & Mining ETF by 49.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,495 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 495 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of SPDR S&P Metals & Mining ETF by 43.7% during the 1st quarter. IFP Advisors Inc now owns 1,655 shares of the exchange traded fund’s stock worth $66,000 after buying an additional 503 shares in the last quarter.

Shares of XME stock traded down $0.59 during trading hours on Thursday, reaching $41.56. 441,449 shares of the company’s stock were exchanged, compared to its average volume of 5,011,854. The business’s 50 day simple moving average is $44.21. SPDR S&P Metals & Mining ETF has a 1 year low of $22.36 and a 1 year high of $47.85.

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.

Further Reading: What is the Coverage Ratio?

Institutional Ownership by Quarter for SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

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