Ted Buchan & Co Invests $3.65 Million in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Ted Buchan & Co acquired a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 61,506 shares of the exchange traded fund’s stock, valued at approximately $3,649,000. SPDR S&P Metals & Mining ETF accounts for approximately 2.0% of Ted Buchan & Co’s investment portfolio, making the stock its 14th biggest position. Ted Buchan & Co owned 0.18% of SPDR S&P Metals & Mining ETF as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Napatree Capital LLC acquired a new stake in SPDR S&P Metals & Mining ETF in the 4th quarter valued at $1,485,000. Janney Montgomery Scott LLC grew its stake in SPDR S&P Metals & Mining ETF by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,452 shares of the exchange traded fund’s stock valued at $685,000 after acquiring an additional 494 shares during the period. Farther Finance Advisors LLC grew its stake in SPDR S&P Metals & Mining ETF by 13.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,958 shares of the exchange traded fund’s stock valued at $299,000 after acquiring an additional 597 shares during the period. Prudential PLC grew its stake in SPDR S&P Metals & Mining ETF by 52.5% in the 2nd quarter. Prudential PLC now owns 77,560 shares of the exchange traded fund’s stock valued at $4,602,000 after acquiring an additional 26,700 shares during the period. Finally, LPL Financial LLC grew its stake in SPDR S&P Metals & Mining ETF by 30.6% in the 2nd quarter. LPL Financial LLC now owns 549,027 shares of the exchange traded fund’s stock valued at $32,574,000 after acquiring an additional 128,573 shares during the period.

SPDR S&P Metals & Mining ETF Stock Performance

Shares of XME stock opened at $63.72 on Tuesday. The stock’s fifty day moving average is $59.17 and its two-hundred day moving average is $60.37. The firm has a market capitalization of $2.15 billion, a P/E ratio of 6.15 and a beta of 1.20. SPDR S&P Metals & Mining ETF has a fifty-two week low of $48.01 and a fifty-two week high of $65.37.

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.