Ted Buchan & Co Grows Holdings in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Ted Buchan & Co grew its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,998 shares of the exchange traded fund’s stock after acquiring an additional 1,561 shares during the period. SPDR S&P Metals & Mining ETF comprises about 2.2% of Ted Buchan & Co’s investment portfolio, making the stock its 15th biggest holding. Ted Buchan & Co’s holdings in SPDR S&P Metals & Mining ETF were worth $4,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Independence Bank of Kentucky bought a new position in SPDR S&P Metals & Mining ETF during the 4th quarter valued at $31,000. Spire Wealth Management lifted its position in shares of SPDR S&P Metals & Mining ETF by 35.4% during the fourth quarter. Spire Wealth Management now owns 948 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 248 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in SPDR S&P Metals & Mining ETF by 200.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 959 shares of the exchange traded fund’s stock worth $54,000 after purchasing an additional 640 shares in the last quarter. Continuum Advisory LLC bought a new stake in SPDR S&P Metals & Mining ETF in the third quarter valued at about $55,000. Finally, Rialto Wealth Management LLC bought a new stake in SPDR S&P Metals & Mining ETF in the fourth quarter valued at about $102,000.

SPDR S&P Metals & Mining ETF Stock Down 7.2 %

NYSEARCA:XME opened at $48.48 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 16.51 and a beta of 1.30. The business’s 50 day moving average is $58.26 and its two-hundred day moving average is $61.37. SPDR S&P Metals & Mining ETF has a 52 week low of $46.75 and a 52 week high of $70.49.

SPDR S&P Metals & Mining ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a dividend of $0.0688 per share. The ex-dividend date was Monday, March 24th.

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.