Lake Hills Wealth Management LLC Has $2.98 Million Stake in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

Lake Hills Wealth Management LLC grew its holdings in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 19.3% during the fourth quarter, Holdings Channel reports. The firm owned 52,568 shares of the exchange traded fund’s stock after purchasing an additional 8,518 shares during the period. SPDR S&P Metals & Mining ETF accounts for about 2.0% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 20th largest position. Lake Hills Wealth Management LLC’s holdings in SPDR S&P Metals & Mining ETF were worth $2,983,000 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. Ted Buchan & Co acquired a new position in shares of SPDR S&P Metals & Mining ETF during the second quarter valued at about $3,649,000. Sequoia Financial Advisors LLC bought a new position in SPDR S&P Metals & Mining ETF during the 3rd quarter valued at about $664,000. Envestnet Asset Management Inc. grew its position in SPDR S&P Metals & Mining ETF by 41.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 132,317 shares of the exchange traded fund’s stock worth $7,850,000 after acquiring an additional 38,959 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in SPDR S&P Metals & Mining ETF during the 2nd quarter worth about $1,061,000. Finally, Pinnacle Associates Ltd. lifted its position in shares of SPDR S&P Metals & Mining ETF by 10.7% during the third quarter. Pinnacle Associates Ltd. now owns 24,713 shares of the exchange traded fund’s stock worth $1,479,000 after purchasing an additional 2,382 shares in the last quarter.

SPDR S&P Metals & Mining ETF Price Performance

Shares of SPDR S&P Metals & Mining ETF stock opened at $60.42 on Thursday. The firm has a 50 day simple moving average of $62.01 and a 200 day simple moving average of $61.78. SPDR S&P Metals & Mining ETF has a fifty-two week low of $53.38 and a fifty-two week high of $70.49. The firm has a market cap of $2.04 billion, a P/E ratio of 6.15 and a beta of 1.20.

SPDR S&P Metals & Mining ETF 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.