Meridian Wealth Management LLC Takes Position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Meridian Wealth Management LLC purchased a new stake 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 institutional investor purchased 6,331 shares of the exchange traded fund’s stock, valued at approximately $359,000.

Other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its holdings in SPDR S&P Metals & Mining ETF by 113.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,737 shares of the exchange traded fund’s stock worth $723,000 after purchasing an additional 6,780 shares during the last quarter. Harbour Investments Inc. boosted its holdings in SPDR S&P Metals & Mining ETF by 2.8% in the third quarter. Harbour Investments Inc. now owns 23,648 shares of the exchange traded fund’s stock worth $1,507,000 after purchasing an additional 639 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in SPDR S&P Metals & Mining ETF by 149.0% in the third quarter. Janney Montgomery Scott LLC now owns 30,668 shares of the exchange traded fund’s stock worth $1,954,000 after purchasing an additional 18,353 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SPDR S&P Metals & Mining ETF by 21.0% in the third quarter. JPMorgan Chase & Co. now owns 624,702 shares of the exchange traded fund’s stock worth $39,806,000 after purchasing an additional 108,336 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in SPDR S&P Metals & Mining ETF by 3.1% in the third quarter. MML Investors Services LLC now owns 7,996 shares of the exchange traded fund’s stock worth $509,000 after purchasing an additional 238 shares during the last quarter.

SPDR S&P Metals & Mining ETF Trading Up 3.2 %

Shares of XME stock opened at $57.30 on Thursday. SPDR S&P Metals & Mining ETF has a 12-month low of $53.38 and a 12-month high of $70.49. The firm’s 50 day moving average is $59.20 and its 200 day moving average is $61.64. The stock has a market capitalization of $1.50 billion, a P/E ratio of 13.74 and a beta of 1.41.

SPDR S&P Metals & Mining ETF 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.