MGB Wealth Management LLC Lowers Holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

MGB Wealth Management LLC lessened its stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 20.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,940 shares of the exchange traded fund’s stock after selling 2,079 shares during the quarter. MGB Wealth Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its position in shares of SPDR S&P Metals & Mining ETF by 3.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 5,955 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 198 shares during the last quarter. E&G Advisors LP raised its position in shares of SPDR S&P Metals & Mining ETF by 2.4% in the 2nd quarter. E&G Advisors LP now owns 10,116 shares of the exchange traded fund’s stock worth $600,000 after purchasing an additional 240 shares during the last quarter. Founders Financial Alliance LLC raised its position in shares of SPDR S&P Metals & Mining ETF by 1.8% in the 2nd quarter. Founders Financial Alliance LLC now owns 14,319 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 259 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in SPDR S&P Metals & Mining ETF by 5.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,253 shares of the exchange traded fund’s stock worth $335,000 after buying an additional 295 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in SPDR S&P Metals & Mining ETF by 7.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the exchange traded fund’s stock worth $260,000 after buying an additional 306 shares in the last quarter.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA XME opened at $68.65 on Friday. SPDR S&P Metals & Mining ETF has a one year low of $52.76 and a one year high of $70.49. The stock has a 50-day moving average of $64.58 and a 200 day moving average of $61.80. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20.

SPDR S&P Metals & Mining ETF Company 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.