Rialto Wealth Management LLC Invests $102,000 in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Rialto Wealth Management LLC bought a new stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the fourth quarter, HoldingsChannel reports. The fund bought 1,806 shares of the exchange traded fund’s stock, valued at approximately $102,000.

A number of other hedge funds have also added to or reduced their stakes in XME. Independence Bank of Kentucky acquired a new position in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth about $31,000. Spire Wealth Management raised its holdings in 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 worth $54,000 after acquiring an additional 248 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in SPDR S&P Metals & Mining ETF by 200.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 640 shares in the last quarter. Continuum Advisory LLC acquired a new position in SPDR S&P Metals & Mining ETF during the third quarter valued at approximately $55,000. Finally, RPg Family Wealth Advisory LLC bought a new position in SPDR S&P Metals & Mining ETF in the third quarter valued at approximately $61,000.

SPDR S&P Metals & Mining ETF Stock Down 0.7 %

Shares of SPDR S&P Metals & Mining ETF stock opened at $56.01 on Friday. The stock has a market cap of $1.47 billion, a P/E ratio of 13.74 and a beta of 1.41. SPDR S&P Metals & Mining ETF has a 12-month low of $53.38 and a 12-month high of $70.49. The business’s 50 day moving average is $59.16 and its 200-day moving average is $61.57.

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.