NewEdge Advisors LLC decreased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 75.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 163,345 shares of the company’s stock after selling 494,664 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,663,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SPEM. Charles Schwab Investment Management Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 20.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after acquiring an additional 2,653,013 shares in the last quarter. LPL Financial LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.7% during the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after acquiring an additional 1,758,866 shares in the last quarter. HighTower Advisors LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 51.5% in the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock worth $122,933,000 after purchasing an additional 893,023 shares during the last quarter. State Street Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 23.1% in the 4th quarter. State Street Corp now owns 4,419,838 shares of the company’s stock worth $206,893,000 after purchasing an additional 830,465 shares during the last quarter. Finally, Bank of America Corp DE grew its position in SPDR Portfolio Emerging Markets ETF by 54.2% during the 3rd quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock valued at $107,703,000 after purchasing an additional 809,020 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Performance
NYSEARCA:SPEM opened at $50.54 on Friday. The firm has a market cap of $17.11 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $42.66 and a fifty-two week high of $53.54. The firm has a 50-day simple moving average of $51.52 and a two-hundred day simple moving average of $50.16.
About SPDR Portfolio Emerging Markets ETF
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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