SPDR Portfolio Emerging Markets ETF $SPEM Stock: Signaturefd LLC Trims Position

Signaturefd LLC lowered its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 93.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 862 shares of the company’s stock after selling 12,079 shares during the quarter. Signaturefd LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $45,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Forbes Financial Planning Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter worth $430,000. Bond & Devick Financial Network Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth $1,411,000. Simplicity Wealth LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth $10,255,000. Sowell Financial Services LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 116.8% during the 3rd quarter. Sowell Financial Services LLC now owns 34,894 shares of the company’s stock worth $1,806,000 after purchasing an additional 18,800 shares during the last quarter. Finally, Ervin Investment Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $4,938,000.

SPDR Portfolio Emerging Markets ETF Trading Up 1.7%

Shares of SPEM opened at $48.22 on Friday. The firm has a market cap of $16.04 billion, a P/E ratio of 15.39 and a beta of 0.63. SPDR Portfolio Emerging Markets ETF has a 12-month low of $45.28 and a 12-month high of $53.54. The company’s 50-day moving average price is $51.42 and its 200 day moving average price is $50.71.

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.