Merit Financial Group LLC Sells 4,991 Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Merit Financial Group LLC reduced its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,825 shares of the exchange traded fund’s stock after selling 4,991 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $3,280,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of SPDR S&P Metals & Mining ETF by 3.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 975,500 shares of the exchange traded fund’s stock valued at $51,214,000 after purchasing an additional 30,000 shares during the period. LPL Financial LLC raised its position in shares of SPDR S&P Metals & Mining ETF by 5.7% in the third quarter. LPL Financial LLC now owns 510,922 shares of the exchange traded fund’s stock valued at $26,823,000 after purchasing an additional 27,440 shares during the period. SCS Capital Management LLC raised its position in shares of SPDR S&P Metals & Mining ETF by 0.9% in the third quarter. SCS Capital Management LLC now owns 448,258 shares of the exchange traded fund’s stock valued at $23,534,000 after purchasing an additional 3,836 shares during the period. Affinity Wealth Management LLC raised its position in shares of SPDR S&P Metals & Mining ETF by 10.6% in the fourth quarter. Affinity Wealth Management LLC now owns 434,683 shares of the exchange traded fund’s stock valued at $26,007,000 after purchasing an additional 41,646 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of SPDR S&P Metals & Mining ETF by 23.6% in the third quarter. HighTower Advisors LLC now owns 396,774 shares of the exchange traded fund’s stock valued at $20,825,000 after purchasing an additional 75,806 shares during the period.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME stock traded up $0.74 on Friday, hitting $60.84. The company’s stock had a trading volume of 3,977,111 shares, compared to its average volume of 2,926,688. The stock’s 50 day moving average is $59.29 and its 200-day moving average is $56.47. SPDR S&P Metals & Mining ETF has a fifty-two week low of $44.17 and a fifty-two week high of $63.59. The company has a market capitalization of $2.05 billion, a PE ratio of 6.15 and a beta of 1.20.

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.