Midwest Capital Advisors LLC Decreases Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Midwest Capital Advisors LLC trimmed its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 37.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,169 shares of the company’s stock after selling 152,819 shares during the period. SPDR Portfolio Emerging Markets ETF makes up approximately 5.6% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 4th largest position. Midwest Capital Advisors LLC owned about 0.07% of SPDR Portfolio Emerging Markets ETF worth $11,970,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPEM. First Command Advisory Services Inc. bought a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $32,000. Front Row Advisors LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after purchasing an additional 460 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $37,000. Finally, Signaturefd LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $40,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $51.30 on Thursday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $42.61 and a 52-week high of $53.54. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The business’s fifty day moving average is $51.72 and its 200-day moving average is $49.60.

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.