Herbst Group LLC Increases Holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Herbst Group LLC grew its position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 104.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,819 shares of the exchange traded fund’s stock after buying an additional 39,838 shares during the period. SPDR S&P Metals & Mining ETF accounts for 2.8% of Herbst Group LLC’s investment portfolio, making the stock its 12th largest position. Herbst Group LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $4,416,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Ted Buchan & Co bought a new stake in SPDR S&P Metals & Mining ETF in the second quarter worth $3,649,000. Sequoia Financial Advisors LLC bought a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $664,000. Envestnet Asset Management Inc. grew its holdings in SPDR S&P Metals & Mining ETF by 41.7% in the second quarter. Envestnet Asset Management Inc. now owns 132,317 shares of the exchange traded fund’s stock worth $7,850,000 after purchasing an additional 38,959 shares during the period. Magnolia Capital Advisors LLC purchased a new position in SPDR S&P Metals & Mining ETF during the second quarter valued at $1,061,000. Finally, Pinnacle Associates Ltd. grew its holdings in shares of SPDR S&P Metals & Mining ETF by 10.7% during the third quarter. Pinnacle Associates Ltd. now owns 24,713 shares of the exchange traded fund’s stock valued at $1,479,000 after buying an additional 2,382 shares during the last quarter.

SPDR S&P Metals & Mining ETF Trading Up 0.9 %

Shares of XME opened at $60.33 on Friday. SPDR S&P Metals & Mining ETF has a 12 month low of $53.38 and a 12 month high of $70.49. The business’s fifty day simple moving average is $62.40 and its two-hundred day simple moving average is $61.80. The company has a market cap of $2.04 billion, a price-to-earnings 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.