N.E.W. Advisory Services LLC Lowers Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

N.E.W. Advisory Services LLC decreased its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 390,138 shares of the company’s stock after selling 41,914 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up 1.4% of N.E.W. Advisory Services LLC’s holdings, making the stock its 17th largest position. N.E.W. Advisory Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $14,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SPEM. Occidental Asset Management LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 0.7% during the fourth quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after purchasing an additional 312 shares in the last quarter. Iams Wealth Management LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 1.1% during the fourth quarter. Iams Wealth Management LLC now owns 29,858 shares of the company’s stock worth $1,146,000 after purchasing an additional 330 shares in the last quarter. Hofer & Associates. Inc boosted its position in SPDR Portfolio Emerging Markets ETF by 1.2% during the third quarter. Hofer & Associates. Inc now owns 27,976 shares of the company’s stock worth $1,155,000 after purchasing an additional 332 shares in the last quarter. City State Bank boosted its position in SPDR Portfolio Emerging Markets ETF by 1.6% during the fourth quarter. City State Bank now owns 21,271 shares of the company’s stock worth $816,000 after purchasing an additional 335 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its position in SPDR Portfolio Emerging Markets ETF by 2.6% during the fourth quarter. Carnegie Investment Counsel now owns 13,151 shares of the company’s stock worth $505,000 after purchasing an additional 335 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.8 %

Shares of SPEM stock opened at $38.73 on Friday. The business’s 50 day moving average is $38.94 and its two-hundred day moving average is $39.17. SPDR Portfolio Emerging Markets ETF has a 12-month low of $33.94 and a 12-month high of $42.88. The company has a market capitalization of $9.19 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.