Stone Summit Wealth LLC Sells 1,706 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Stone Summit Wealth LLC cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 24.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,209 shares of the company’s stock after selling 1,706 shares during the period. Stone Summit Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $223,000 at the end of the most recent quarter.

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

SPDR Portfolio Emerging Markets ETF Trading Down 0.3%

Shares of NYSEARCA SPEM opened at $46.26 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $34.38 and a 12-month high of $47.21. The stock’s fifty day simple moving average is $44.74 and its two-hundred day simple moving average is $42.04. The stock has a market capitalization of $13.46 billion, a PE ratio of 15.39 and a beta of 0.68.

SPDR Portfolio Emerging Markets ETF Company 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.