Moulton Wealth Management Inc. Makes New $2.51 Million Investment in SPDR S&P Metals & Mining ETF $XME

Moulton Wealth Management Inc. acquired a new stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 23,338 shares of the exchange traded fund’s stock, valued at approximately $2,510,000. SPDR S&P Metals & Mining ETF accounts for 1.7% of Moulton Wealth Management Inc.’s investment portfolio, making the stock its 11th largest position.

Several other large investors have also recently made changes to their positions in XME. SMI Advisory Services LLC raised its stake in shares of SPDR S&P Metals & Mining ETF by 0.7% during the 4th quarter. SMI Advisory Services LLC now owns 111,207 shares of the exchange traded fund’s stock worth $11,522,000 after purchasing an additional 790 shares during the period. Cadent Capital Advisors LLC grew its position in SPDR S&P Metals & Mining ETF by 122.5% during the fourth quarter. Cadent Capital Advisors LLC now owns 20,471 shares of the exchange traded fund’s stock valued at $2,121,000 after buying an additional 11,271 shares during the period. Heartwood Wealth Advisors LLC grew its position in SPDR S&P Metals & Mining ETF by 4.0% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 18,075 shares of the exchange traded fund’s stock valued at $1,873,000 after buying an additional 695 shares during the period. Daymark Wealth Partners LLC increased its holdings in SPDR S&P Metals & Mining ETF by 19.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 7,319 shares of the exchange traded fund’s stock worth $758,000 after buying an additional 1,200 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in SPDR S&P Metals & Mining ETF by 88.1% in the fourth quarter. SG Americas Securities LLC now owns 90,825 shares of the exchange traded fund’s stock worth $9,410,000 after acquiring an additional 42,535 shares during the period. 86.55% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Metals & Mining ETF Stock Down 2.8%

XME opened at $104.92 on Friday. SPDR S&P Metals & Mining ETF has a twelve month low of $45.89 and a twelve month high of $135.68. The company’s 50-day moving average price is $117.71 and its two-hundred day moving average price is $105.52. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 21.07 and a beta of 1.28.

SPDR S&P Metals & Mining ETF Profile