PointState Capital LP Makes New $39.52 Million Investment in SPDR S&P Metals & Mining ETF (NYSEARCA:XME)

PointState Capital LP acquired a new position in shares of SPDR S&P Metals & Mining ETF (NYSEARCA:XME) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 620,252 shares of the exchange traded fund’s stock, valued at approximately $39,522,000. SPDR S&P Metals & Mining ETF makes up approximately 0.7% of PointState Capital LP’s investment portfolio, making the stock its 26th biggest position. PointState Capital LP owned approximately 1.84% of SPDR S&P Metals & Mining ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 3rd quarter valued at $25,000. Zions Bancorporation N.A. acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 2nd quarter valued at $30,000. Asset Dedication LLC increased its holdings in shares of SPDR S&P Metals & Mining ETF by 963.5% in the 2nd quarter. Asset Dedication LLC now owns 553 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 501 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 2nd quarter valued at $33,000. Finally, Headlands Technologies LLC acquired a new position in shares of SPDR S&P Metals & Mining ETF in the 2nd quarter valued at $35,000.

SPDR S&P Metals & Mining ETF Price Performance

NYSEARCA:XME opened at $68.46 on Wednesday. The firm’s fifty day moving average price is $65.76 and its 200 day moving average price is $62.11. SPDR S&P Metals & Mining ETF has a 1-year low of $52.76 and a 1-year high of $70.49. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 6.15 and a beta of 1.20.

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.