SPDR S&P Metals & Mining ETF (XME)
|Ex-Dividend Date||Sep 20, 2021|
|Day's Range||44.59 - 45.50|
|Inception Date||Jun 19, 2006|
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the metals and mining segment of a U.S. total market composite index. In seeking to track the performance of the S&P Metals & Mining Select Industry Index (the index), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the metals and mining segment of the S&P Total Market Index (S&P TMI). The fund is non-diversified.
Top 10 Holdings44.63% of assets
|Commercial Metals Company||CMC||4.57%|
|Reliance Steel & Aluminum||RS||4.50%|
|Sep 20, 2021||$0.067||Sep 23, 2021|
|Jun 21, 2021||$0.08619||Jun 24, 2021|
|Mar 22, 2021||$0.07699||Mar 25, 2021|
|Dec 21, 2020||$0.08191||Dec 24, 2020|
|Sep 21, 2020||$0.07389||Sep 24, 2020|
|Jun 22, 2020||$0.09405||Jun 25, 2020|
The ISM Manufacturing PMI for the month of April missed expectations. Still, some areas and their related ETFs should stay strong.
On May 4, Treasury Secretary Janet Yellen commented that interest rates may need to rise modestly over time to keep the U.S. economy from overheating, though she clarified later on that she is not "pred...
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The Institute for Supply Management's (ISM) index of national factory activity rose to a reading of 60.8 in February (which had been the highest since February 2018) from 58.7 in January.
The January non-farm payroll reading of an addition of 49,000 jobs was below the estimated rise of 50,000. As many as 10 million jobs are still short from the boom in February 2020.
The ISM Manufacturing PMI dropped to 58.7 in January of 2021 from 60.5 in December which was the highest since August 2018 and below market forecasts of 60.
Mining exchange traded funds like the SPDR Metals & Mining ETF (NYSEArca: XME), probably aren't the obvious choice to play Joe Biden's policies. XME could surprise on that front.
While attention is currently tilted toward sectors like technology, it could be time to consider other sectors such as metals and mining.
The ISM Manufacturing PMI for the United States rose to 60.7 in December 2020 from 57.5 in November and beat forecasts of 56.6.
The Metals and Mining ETF (XME) is one of our top technical ideas here and is in a technical up-trend above the rising 20, 50, 100, and 200-day moving averages, a signal of a strong up-trend on multiple...
Our data shows legitimate vulnerability in risk assets. We recommend looking for opportunities to take short positions, as we are seeing attractive volatility levels and the potential for US-China trade...
Charts show the natural resource sectors can give the bull another leg to run on in 2020, Jim Cramer
If the metals and mining, basic materials and energy sectors can rebound, "then 2020 could be a very good year for this bull market," the "Mad Money" host says.