Hobbs Group Advisors LLC Decreases Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Hobbs Group Advisors LLC reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 47.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,880 shares of the company’s stock after selling 4,354 shares during the period. Hobbs Group Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.1% in the 1st quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock worth $421,513,000 after buying an additional 620,049 shares in the last quarter. Allworth Financial LP boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.2% in the 1st quarter. Allworth Financial LP now owns 6,567,549 shares of the company’s stock worth $257,842,000 after buying an additional 80,992 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock worth $250,466,000 after buying an additional 461,936 shares in the last quarter. TIAA Trust National Association boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 4.3% in the 1st quarter. TIAA Trust National Association now owns 6,065,716 shares of the company’s stock worth $238,807,000 after buying an additional 252,016 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,060,826 shares of the company’s stock worth $199,231,000 after buying an additional 33,522 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 3.6%

SPDR Portfolio Emerging Markets ETF stock opened at $45.45 on Friday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $47.67. The firm’s 50-day simple moving average is $45.42 and its 200 day simple moving average is $42.52. The firm has a market capitalization of $13.98 billion, a PE ratio of 15.39 and a beta of 0.68.

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.