Pettinga Financial Advisors LLC Purchases 3,985 Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Pettinga Financial Advisors LLC raised its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 60.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,564 shares of the exchange traded fund’s stock after buying an additional 3,985 shares during the quarter. Pettinga Financial Advisors LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $673,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XME. Global Trust Asset Management LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth approximately $25,000. Sequoia Financial Advisors LLC bought a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth $664,000. Cadent Capital Advisors LLC bought a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth $452,000. Raymond James & Associates boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 274.5% in the 3rd quarter. Raymond James & Associates now owns 305,812 shares of the exchange traded fund’s stock valued at $19,486,000 after purchasing an additional 224,151 shares in the last quarter. Finally, Legend Financial Advisors Inc. increased its stake in shares of SPDR S&P Metals & Mining ETF by 6.4% in the 3rd quarter. Legend Financial Advisors Inc. now owns 123,266 shares of the exchange traded fund’s stock valued at $7,855,000 after purchasing an additional 7,462 shares during the last quarter.

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

Shares of XME stock opened at $64.01 on Friday. The business has a fifty day simple moving average of $61.11 and a 200 day simple moving average of $61.02. The company has a market cap of $2.16 billion, a P/E ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a twelve month low of $48.63 and a twelve month high of $67.20.

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.