Yong Rong HK Asset Management Ltd Reduces Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Yong Rong HK Asset Management Ltd lessened its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 79.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,380 shares of the exchange traded fund’s stock after selling 47,620 shares during the period. SPDR S&P Metals & Mining ETF comprises about 0.3% of Yong Rong HK Asset Management Ltd’s investment portfolio, making the stock its 16th biggest position. Yong Rong HK Asset Management Ltd’s holdings in SPDR S&P Metals & Mining ETF were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of XME. Global Trust Asset Management LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $25,000. Independence Bank of Kentucky purchased a new position in SPDR S&P Metals & Mining ETF during the 4th quarter valued at about $31,000. Spire Wealth Management increased its position in shares of SPDR S&P Metals & Mining ETF by 35.4% during the fourth quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock valued at $54,000 after buying an additional 248 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 200.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock worth $54,000 after buying an additional 640 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in shares of SPDR S&P Metals & Mining ETF in the third quarter valued at approximately $55,000.

SPDR S&P Metals & Mining ETF Trading Down 4.2 %

Shares of NYSEARCA:XME opened at $58.65 on Friday. The company has a 50 day moving average of $59.29 and a 200 day moving average of $61.61. The stock has a market cap of $1.98 billion, a P/E ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a 12 month low of $53.38 and a 12 month high of $70.49.

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.