Redmond Asset Management LLC Acquires 531 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Redmond Asset Management LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,018 shares of the company’s stock after buying an additional 531 shares during the period. Redmond Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $308,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SPEM. Vicus Capital grew its holdings in SPDR Portfolio Emerging Markets ETF by 2.6% during the 4th quarter. Vicus Capital now owns 11,981 shares of the company’s stock valued at $460,000 after purchasing an additional 299 shares during the last quarter. Occidental Asset Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% during the 4th quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock valued at $1,781,000 after purchasing an additional 312 shares during the last quarter. McClarren Financial Advisors Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 12.3% during the 4th quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock valued at $110,000 after purchasing an additional 316 shares during the last quarter. Iams Wealth Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.1% during the 4th quarter. Iams Wealth Management LLC now owns 29,858 shares of the company’s stock valued at $1,146,000 after purchasing an additional 330 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 18,744 shares of the company’s stock valued at $719,000 after purchasing an additional 330 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.2 %

Shares of NYSEARCA:SPEM opened at $40.35 on Friday. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66. SPDR Portfolio Emerging Markets ETF has a 12 month low of $35.00 and a 12 month high of $42.88. The firm’s 50-day moving average is $38.86 and its 200 day moving average is $39.37.

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.