SPDR S&P Metals & Mining ETF
XME
Market cap $1.85B

63.73 USD

+0.82

1.3%

At close Oct 4, 4:00 PM EDT

After hours

64.14

+0.41

0.64%

1 day

1.30%

5 days

-0.14%

1 month

14.27%

3 months

4.03%

6 months

4.22%

Year to date

7.43%

1 year

27.56%

5 years

151.20%

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

45% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 44

28% more repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 74

20% more funds holding in top 10

Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]

8% more funds holding

Funds holding: 264 [Q1] → 284 (+20) [Q2]

9% less capital invested

Capital invested by funds: $1.68B [Q1] → $1.52B (-$159M) [Q2]

23.22% less ownership

Funds ownership: 93.91% [Q1] → 70.69% (-23.22%) [Q2]

73% less call options, than puts

Call options by funds: $158M | Put options by funds: $579M

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Research analyst outlook

We haven’t received any recent analyst ratings for XME.

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Financial journalist opinion

XME: Buy On Overblown Recession Fears

XME's recent weakness may be a buying opportunity as recession fears are likely overdone, with potential for a recovery rally post-election. XME tracks the S&P Metals and Mining Select Industry Index, holding a diversified yet volatile mix of 36 equally weighted large and small cap stocks. Despite recent economic indicators suggesting a downturn, the slow-moving cycle implies a recession might still be months away, making the current panic premature.

XME: Buy On Overblown Recession Fears

BlackRock's Top Thematic Trends to Watch in 2H

Halfway through the year, thematic equity ETFs have exhibited wide levels of dispersion but continue to capture the market's attention heading into the second half of 2024.

BlackRock's Top Thematic Trends to Watch in 2H

XME: Dr. Copper Sending A Warning Diagnosis (Rating Downgrade)

Copper prices hit a two-month low amid concerns about global growth trade and a rising US Dollar Index. I am downgrading the SPDR S&P Metals & Mining ETF (XME) from buy to hold, as the fund is more expensive on a P/E basis today versus last summer. XME faces technical challenges, too, with a broken uptrend.

XME: Dr. Copper Sending A Warning Diagnosis (Rating Downgrade)

XME ETF: Strong Performance As Gold Surges

SPDR® S&P Metals and Mining ETF is designed to track the performance of companies in the metals and mining industry, providing exposure to the global metals and mining industry. The XME ETF holds a diverse portfolio of stocks, including large-cap and small-cap companies in various segments of the metals and mining sector. XME has outperformed alternative metal and basic materials funds, but is still sensitive to macroeconomic factors and operational risks.

XME ETF: Strong Performance As Gold Surges

Materials, Miners and Big Oil Stocks Have More Upside

Cyclical stocks, which are pegged to the economy's health, are rallying, and it isn't too late to get in.

Materials, Miners and Big Oil Stocks Have More Upside

Buy These Stocks. Inflation Is Still on Its Way Down.

Cyclical companies could get a boost if the consumer price index for February, to be released next month, is lower than expected.

Buy These Stocks. Inflation Is Still on Its Way Down.

XME: The Time Is Right To Buy

The SPDR S&P Metals and Mining ETF goes through periods of significant underperformance punctuated by significant outperformance. Economic expansion and infrastructure development are reliable drivers of XME, and the upcoming election year could be a good time to buy and hold XME. It has recently broken out of a large bull flag pattern suggesting the time is right to buy.

XME: The Time Is Right To Buy

KCI Research On REITs, Dividends And Contrarian Investing

Travis from KCI Research discusses being a contrarian investor and the importance of not chasing performance. REITs, yield and interest rates in 2024; advice for dividend investors.

KCI Research On REITs, Dividends And Contrarian Investing

Zacks Investment Research

5 Best ETF Areas of Last Week

Wall Street was upbeat last week.The optimism surrounding the likely Fed rate cuts in 2024 aided the rally in the market, barring some occasional dips.

5 Best ETF Areas of Last Week

CNBC Television

Gold's move up is a commentary on the U.S. Dollar, says Strategas' Chris Verrone

Chris Verrone, Strategas, talks with the 'Fast Money' traders about gold, silver and copper prices climbing and what it says about the market.

Gold's move up is a commentary on the U.S. Dollar, says Strategas' Chris Verrone

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