Cumberland Advisors Inc. Trims Stock Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Cumberland Advisors Inc. lessened its stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 78.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,831 shares of the exchange traded fund’s stock after selling 166,460 shares during the quarter. SPDR S&P Metals & Mining ETF comprises about 1.0% of Cumberland Advisors Inc.’s holdings, making the stock its 23rd biggest holding. Cumberland Advisors Inc. owned 0.12% of SPDR S&P Metals & Mining ETF worth $2,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of XME. Great Diamond Partners LLC raised its position in SPDR S&P Metals & Mining ETF by 0.8% in the 4th quarter. Great Diamond Partners LLC now owns 28,637 shares of the exchange traded fund’s stock valued at $1,713,000 after purchasing an additional 215 shares during the last quarter. Triumph Capital Management raised its position in SPDR S&P Metals & Mining ETF by 4.1% in the 4th quarter. Triumph Capital Management now owns 7,110 shares of the exchange traded fund’s stock valued at $425,000 after purchasing an additional 278 shares during the last quarter. Brown Miller Wealth Management LLC increased its stake in SPDR S&P Metals & Mining ETF by 3.9% in the 4th quarter. Brown Miller Wealth Management LLC now owns 8,845 shares of the exchange traded fund’s stock valued at $529,000 after buying an additional 334 shares during the period. Janney Montgomery Scott LLC increased its stake in SPDR S&P Metals & Mining ETF by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,452 shares of the exchange traded fund’s stock valued at $685,000 after buying an additional 494 shares during the period. Finally, 180 Wealth Advisors LLC increased its stake in SPDR S&P Metals & Mining ETF by 2.6% in the 4th quarter. 180 Wealth Advisors LLC now owns 22,116 shares of the exchange traded fund’s stock valued at $1,312,000 after buying an additional 568 shares during the period.

SPDR S&P Metals & Mining ETF Stock Performance

XME traded down $0.25 during trading on Thursday, hitting $58.47. The stock had a trading volume of 596,167 shares, compared to its average volume of 2,881,714. The firm has a market capitalization of $1.97 billion, a P/E ratio of 6.15 and a beta of 1.20. The company’s 50-day moving average price is $61.18 and its 200 day moving average price is $59.13. SPDR S&P Metals & Mining ETF has a twelve month low of $48.01 and a twelve month high of $65.36.

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.