Fifth Third Securities Inc. Acquires 16,508 Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Fifth Third Securities Inc. boosted its holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 27.1% during the first quarter, HoldingsChannel.com reports. The fund owned 77,419 shares of the exchange traded fund’s stock after purchasing an additional 16,508 shares during the period. Fifth Third Securities Inc.’s holdings in SPDR S&P Metals & Mining ETF were worth $4,667,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in shares of SPDR S&P Metals & Mining ETF during the fourth quarter valued at $42,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth about $45,000. Axxcess Wealth Management LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 4th quarter worth about $212,000. Avitas Wealth Management LLC bought a new position in SPDR S&P Metals & Mining ETF during the 4th quarter valued at about $213,000. Finally, Hengehold Capital Management LLC acquired a new position in SPDR S&P Metals & Mining ETF in the first quarter valued at about $217,000.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of NYSEARCA XME traded up $0.67 during mid-day trading on Monday, hitting $60.00. 661,703 shares of the stock were exchanged, compared to its average volume of 2,875,780. SPDR S&P Metals & Mining ETF has a twelve month low of $48.01 and a twelve month high of $65.36. The stock’s fifty day simple moving average is $61.10 and its two-hundred day simple moving average is $59.24. The company has a market cap of $2.03 billion, a P/E ratio of 6.15 and a beta of 1.20.

About SPDR S&P Metals & Mining ETF

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.