Diversify Wealth Management LLC Trims Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Diversify Wealth Management LLC reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 27.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,691 shares of the company’s stock after selling 7,446 shares during the period. Diversify Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPEM. LPL Financial LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.2% in the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after acquiring an additional 476,292 shares during the period. Allworth Financial LP grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.1% during the 3rd quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after buying an additional 67,205 shares in the last quarter. State Street Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 10.4% during the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after buying an additional 591,019 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.2% in the third quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock worth $91,333,000 after buying an additional 204,960 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.5% during the third quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock worth $88,936,000 after acquiring an additional 132,008 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $38.59 on Wednesday. The firm’s fifty day moving average is $39.05 and its two-hundred day moving average is $39.18. SPDR Portfolio Emerging Markets ETF has a 52-week low of $33.78 and a 52-week high of $42.88. The company has a market cap of $9.16 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.