Pekin Hardy Strauss Inc. Sells 350 Shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Pekin Hardy Strauss Inc. trimmed its position in SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,380 shares of the exchange traded fund’s stock after selling 350 shares during the period. Pekin Hardy Strauss Inc. owned about 0.08% of SPDR S&P Metals & Mining ETF worth $1,818,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in SPDR S&P Metals & Mining ETF by 3.2% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 975,500 shares of the exchange traded fund’s stock valued at $51,214,000 after buying an additional 30,000 shares during the period. LPL Financial LLC lifted its stake in shares of SPDR S&P Metals & Mining ETF by 5.7% in the 3rd quarter. LPL Financial LLC now owns 510,922 shares of the exchange traded fund’s stock valued at $26,823,000 after purchasing an additional 27,440 shares during the period. SCS Capital Management LLC boosted its position in shares of SPDR S&P Metals & Mining ETF by 0.9% in the 3rd quarter. SCS Capital Management LLC now owns 448,258 shares of the exchange traded fund’s stock worth $23,534,000 after purchasing an additional 3,836 shares during the last quarter. Affinity Wealth Management LLC grew its stake in shares of SPDR S&P Metals & Mining ETF by 10.6% during the fourth quarter. Affinity Wealth Management LLC now owns 434,683 shares of the exchange traded fund’s stock worth $26,007,000 after purchasing an additional 41,646 shares during the period. Finally, HighTower Advisors LLC increased its holdings in SPDR S&P Metals & Mining ETF by 23.6% in the third quarter. HighTower Advisors LLC now owns 396,774 shares of the exchange traded fund’s stock valued at $20,825,000 after purchasing an additional 75,806 shares during the last quarter.

SPDR S&P Metals & Mining ETF Stock Down 3.5 %

NYSEARCA XME traded down $2.12 during trading on Tuesday, reaching $59.27. 4,915,071 shares of the stock traded hands, compared to its average volume of 2,882,250. SPDR S&P Metals & Mining ETF has a fifty-two week low of $44.17 and a fifty-two week high of $63.59. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 6.36 and a beta of 1.24. The stock’s 50-day moving average price is $58.98 and its 200 day moving average price is $56.30.

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.