Strategic Financial Concepts LLC Invests $2.25 Million in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Strategic Financial Concepts LLC bought a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 39,725 shares of the exchange traded fund’s stock, valued at approximately $2,254,000. Strategic Financial Concepts LLC owned 0.12% of SPDR S&P Metals & Mining ETF at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Global Trust Asset Management LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth approximately $25,000. Independence Bank of Kentucky acquired a new stake in SPDR S&P Metals & Mining ETF during the fourth quarter worth approximately $31,000. Continuum Advisory LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth approximately $55,000. Spire Wealth Management grew its position 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 buying an additional 248 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new stake in SPDR S&P Metals & Mining ETF during the third quarter worth approximately $61,000.

SPDR S&P Metals & Mining ETF Price Performance

Shares of NYSEARCA:XME opened at $62.54 on Tuesday. The business’s 50 day simple moving average is $60.07 and its 200 day simple moving average is $61.55. The company has a market capitalization of $2.11 billion, a P/E ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a 1 year low of $53.38 and a 1 year high of $70.49.

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.