SPDR S&P Metals & Mining ETF (NYSEARCA:XME) Position Boosted by Synergy Asset Management LLC

Synergy Asset Management LLC increased its stake in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 109.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,456 shares of the exchange traded fund’s stock after buying an additional 4,424 shares during the quarter. Synergy Asset Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $512,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL purchased a new position in SPDR S&P Metals & Mining ETF in the second quarter valued at about $33,000. Continuum Advisory LLC acquired a new position in SPDR S&P Metals & Mining ETF in the 3rd quarter worth about $55,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter worth about $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of SPDR S&P Metals & Mining ETF during the 3rd quarter valued at about $103,000.

SPDR S&P Metals & Mining ETF Stock Performance

NYSEARCA:XME opened at $59.73 on Thursday. The company has a market capitalization of $2.02 billion, a P/E ratio of 6.15 and a beta of 1.20. The stock’s 50 day moving average price is $61.37 and its 200 day moving average price is $61.70. SPDR S&P Metals & Mining ETF has a 52 week low of $53.38 and a 52 week high of $70.49.

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.