Financial Advocates Investment Management Purchases Shares of 198,941 SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Financial Advocates Investment Management acquired a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 198,941 shares of the exchange traded fund’s stock, valued at approximately $12,677,000. SPDR S&P Metals & Mining ETF makes up about 0.7% of Financial Advocates Investment Management’s portfolio, making the stock its 29th largest holding. Financial Advocates Investment Management owned approximately 0.59% of SPDR S&P Metals & Mining ETF at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. lifted its holdings in shares of SPDR S&P Metals & Mining ETF by 3.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 5,955 shares of the exchange traded fund’s stock valued at $359,000 after purchasing an additional 198 shares in the last quarter. Almanack Investment Partners LLC. boosted its position in SPDR S&P Metals & Mining ETF by 4.8% during the 1st quarter. Almanack Investment Partners LLC. now owns 4,923 shares of the exchange traded fund’s stock worth $297,000 after acquiring an additional 227 shares during the last quarter. E&G Advisors LP grew its stake in shares of SPDR S&P Metals & Mining ETF by 2.4% during the 2nd quarter. E&G Advisors LP now owns 10,116 shares of the exchange traded fund’s stock worth $600,000 after acquiring an additional 240 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in shares of SPDR S&P Metals & Mining ETF by 1.8% in the second quarter. Founders Financial Alliance LLC now owns 14,319 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 259 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in SPDR S&P Metals & Mining ETF by 7.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 306 shares during the last quarter.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA:XME opened at $64.53 on Thursday. The company’s 50-day moving average price is $61.38 and its two-hundred day moving average price is $61.06. SPDR S&P Metals & Mining ETF has a one year low of $48.77 and a one year high of $67.20. The stock has a market capitalization of $2.18 billion, a PE ratio of 6.15 and a beta of 1.20.

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.