Higgins & Schmidt Wealth Strategies LLC reduced its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 4.1% during the first quarter, Holdings Channel reports. The firm owned 57,855 shares of the company’s stock after selling 2,470 shares during the period. SPDR Portfolio Emerging Markets ETF makes up 1.3% of Higgins & Schmidt Wealth Strategies LLC’s portfolio, making the stock its 14th largest holding. Higgins & Schmidt Wealth Strategies LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $27,000. Compass Planning Associates Inc acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $28,000. Bernard Wealth Management Corp. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $50,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $60,000.
SPDR Portfolio Emerging Markets ETF Price Performance
SPEM stock opened at $41.85 on Thursday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $42.88. The company’s 50 day simple moving average is $40.49 and its 200-day simple moving average is $39.55. The firm has a market capitalization of $11.78 billion, a P/E ratio of 14.73 and a beta of 0.56.
SPDR Portfolio Emerging Markets ETF Profile
The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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