Pinnacle Wealth Planning Services Inc. Lowers Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Pinnacle Wealth Planning Services Inc. lessened its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,703 shares of the company’s stock after selling 1,571 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in SPDR Portfolio Emerging Markets ETF by 5.2% during the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after acquiring an additional 476,292 shares during the period. Allworth Financial LP grew its position in SPDR Portfolio Emerging Markets ETF by 3.0% during the fourth quarter. Allworth Financial LP now owns 6,486,557 shares of the company’s stock valued at $250,381,000 after acquiring an additional 189,092 shares during the period. State Street Corp boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after buying an additional 591,019 shares during the period. Bank of New York Mellon Corp boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 37.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock worth $103,397,000 after buying an additional 740,980 shares during the period. Finally, Assetmark Inc. boosted its position 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 during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $39.95 on Thursday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88. The business has a 50-day moving average of $38.89 and a 200-day moving average of $39.49. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66.

SPDR Portfolio Emerging Markets ETF Company 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.