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 of the year. According to reports from Holdings Channel, the firm now holds 6,191 shares of the ETF after selling 11,830 shares throughout the quarter. By the end of this period, the value of Calton & Associates Inc.’s holdings in the SPDR S&P Metals & Mining ETF was approximately $395,000.

In addition to Calton & Associates Inc., several other institutional investors have also adjusted their stakes in the ETF. Fox Hill Wealth Management increased its position by 1.5% in the first quarter, now owning 10,843 shares valued at $654,000 following the purchase of an additional 164 shares. B. Riley Wealth Advisors Inc. also modified its holdings by increasing its shares by 3.4% during the same quarter. They now possess 5,955 shares of the ETF, valued at $359,000 after acquiring an extra 198 shares.

Movements in share ownership continued with Almanack Investment Partners LLC, which raised its holdings by 4.8% in the first quarter, bringing its total to 4,923 shares worth $297,000 after purchasing an additional 227 shares. Moreover, E&G Advisors LP increased its holdings by 2.4% in the second quarter, now owning 10,116 shares valued at $600,000 after the addition of 240 shares. Lastly, Founders Financial Alliance LLC also boosted its position by 1.8% in the second quarter, holding a total of 14,319 shares valued at $850,000 after buying 259 extra shares.

Recent Trading Activity of SPDR S&P Metals & Mining ETF

On Wednesday, the SPDR S&P Metals & Mining ETF opened its trading at $65.87. The ETF currently has a market capitalization of $2.22 billion, with a P/E ratio of 6.15 and a beta of 1.20. Over the past year, shares of the ETF have reached a low of $48.01 and a high of $67.20. The fund's 50-day moving average stands at $60.72, while the 200-day moving average is noted at $60.96.

Company Overview of SPDR S&P Metals & Mining ETF

The SPDR S&P Metals & Mining ETF aims to closely track the performance of the S&P Metals & Mining Select Industry Index. This index is equally weighted and consists of the metals and mining sectors that fall under the S&P Total Market Index.

investment, ETFs, markets