Norris Financial Group LLC Purchases New Stake in SPDR S&P Metals & Mining ETF $XME

Norris Financial Group LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the 1st quarter, Holdings Channel.com reports. The firm acquired 50,188 shares of the exchange traded fund’s stock, valued at approximately $5,421,000. SPDR S&P Metals & Mining ETF accounts for about 1.8% of Norris Financial Group LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in SPDR S&P Metals & Mining ETF by 302.8% during the first quarter. Bank of America Corp DE now owns 7,579,721 shares of the exchange traded fund’s stock valued at $818,686,000 after purchasing an additional 5,697,852 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of SPDR S&P Metals & Mining ETF by 412.3% in the 4th quarter. Bank of Nova Scotia now owns 1,035,072 shares of the exchange traded fund’s stock valued at $107,244,000 after buying an additional 833,020 shares during the period. LPL Financial LLC grew its position in shares of SPDR S&P Metals & Mining ETF by 6.5% during the 4th quarter. LPL Financial LLC now owns 608,679 shares of the exchange traded fund’s stock valued at $63,065,000 after buying an additional 36,989 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of SPDR S&P Metals & Mining ETF by 6.7% during the 3rd quarter. Raymond James Financial Inc. now owns 369,903 shares of the exchange traded fund’s stock valued at $34,471,000 after buying an additional 23,212 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in SPDR S&P Metals & Mining ETF by 9.3% during the first quarter. Royal Bank of Canada now owns 286,381 shares of the exchange traded fund’s stock worth $30,932,000 after acquiring an additional 24,319 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.

SPDR S&P Metals & Mining ETF Stock Up 4.4%

Shares of NYSEARCA XME opened at $101.86 on Friday. The firm’s 50-day moving average price is $111.20 and its two-hundred day moving average price is $114.99. SPDR S&P Metals & Mining ETF has a 52-week low of $71.07 and a 52-week high of $135.68. The stock has a market capitalization of $3.81 billion, a P/E ratio of 21.07 and a beta of 1.26.

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