Proficio Capital Partners LLC Acquires New Stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Proficio Capital Partners LLC acquired a new stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,550 shares of the exchange traded fund’s stock, valued at approximately $696,000.

A number of other hedge funds have also made changes to their positions in the stock. Affinity Wealth Management LLC boosted its holdings in SPDR S&P Metals & Mining ETF by 10.6% during the fourth quarter. Affinity Wealth Management LLC now owns 434,683 shares of the exchange traded fund’s stock worth $26,007,000 after buying an additional 41,646 shares in the last quarter. Prudential PLC boosted its holdings in SPDR S&P Metals & Mining ETF by 604.2% during the fourth quarter. Prudential PLC now owns 302,716 shares of the exchange traded fund’s stock worth $18,111,000 after buying an additional 259,731 shares in the last quarter. Stifel Financial Corp boosted its holdings in SPDR S&P Metals & Mining ETF by 8.5% during the fourth quarter. Stifel Financial Corp now owns 275,960 shares of the exchange traded fund’s stock worth $16,511,000 after buying an additional 21,564 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in SPDR S&P Metals & Mining ETF by 15.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 182,936 shares of the exchange traded fund’s stock worth $10,945,000 after purchasing an additional 23,889 shares during the period. Finally, Jennison Associates LLC boosted its stake in SPDR S&P Metals & Mining ETF by 13.6% in the 1st quarter. Jennison Associates LLC now owns 143,473 shares of the exchange traded fund’s stock worth $8,649,000 after purchasing an additional 17,155 shares during the period.

SPDR S&P Metals & Mining ETF Price Performance

SPDR S&P Metals & Mining ETF stock traded down $0.59 during midday trading on Tuesday, reaching $60.72. The stock had a trading volume of 1,116,759 shares, compared to its average volume of 2,849,281. The firm’s fifty day simple moving average is $61.23 and its two-hundred day simple moving average is $59.35. SPDR S&P Metals & Mining ETF has a twelve month low of $48.01 and a twelve month high of $65.36. The firm has a market cap of $2.05 billion, a price-to-earnings 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.