Calton & Associates Inc. Reduces Stake in SPDR S&P Metals & Mining ETF

Calton & Associates Inc. has significantly reduced its investment in the SPDR S&P Metals & Mining ETF (NYSEARCA:XME) by 65.6% during the third quarter, according to reports from Holdings Channel. Following this reduction, the firm now holds 6,191 shares of the ETF after selling 11,830 shares in the same period. At the conclusion of the latest quarter, the value of Calton & Associates Inc. 's holdings in this ETF was approximately $395,000.

In addition to Calton & Associates, various other institutional investors have adjusted their stake in the SPDR S&P Metals & Mining ETF. For instance, Fox Hill Wealth Management increased its investment by 1.5% in the first quarter, bringing its total to 10,843 shares which are valued at $654,000 after acquiring an additional 164 shares. B. Riley Wealth Advisors Inc. also made an adjustment, raising their position by 3.4% in the first quarter, resulting in ownership of 5,955 shares valued at $359,000 after purchasing 198 more shares.

Similarly, Almanack Investment Partners LLC increased its holdings by 4.8% in the first quarter. Their current position stands at 4,923 shares valued at $297,000 after acquiring an additional 227 shares. E&G Advisors LP added 2.4% to their holdings in the second quarter, now owning 10,116 shares worth $600,000 following the purchase of 240 shares. Lastly, Founders Financial Alliance LLC raised its stake by 1.8% in the second quarter and now possesses 14,319 shares valued at $850,000 after adding 259 shares.

XME Shares Trading Activity

The SPDR S&P Metals & Mining ETF shares saw a decline of 0.6%, with trading opening at $65.87 on Wednesday. The ETF boasts a market capitalization of $2.22 billion, a price-to-earnings (P/E) ratio of 6.15, and a beta value of 1.20. Over the past year, the ETF has experienced a low of $48.01 and a high of $67.20. Its current 50-day moving average is $60.72, while the 200-day moving average stands at $60.96.

About SPDR S&P Metals & Mining ETF

The SPDR S&P Metals & Mining ETF aims to replicate the performance of the S&P Metals & Mining Select Industry Index, which is an equal-weighted market capitalization index. This index specifically represents the metals and mining sectors within the broader S&P Total Market Index.

Further Insights

For those interested in tracking institutional investments and updates regarding the SPDR S&P Metals & Mining ETF, several platforms offer insights into the latest holdings and trades. Additionally, information about other potential investment opportunities is widely available.

Calton, Investment, ETF