SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Stake Lessened by MB Generational Wealth LLC

MB Generational Wealth LLC lessened its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 13.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,986 shares of the company’s stock after selling 2,536 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for about 0.4% of MB Generational Wealth LLC’s portfolio, making the stock its 28th largest position. MB Generational Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 474.2% in the fourth quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after buying an additional 1,878 shares during the last quarter. Stifel Financial Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the third quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock worth $2,665,000 after buying an additional 4,049 shares during the last quarter. Forbes J M & Co. LLP increased its stake in SPDR Portfolio Emerging Markets ETF by 0.7% during the fourth quarter. Forbes J M & Co. LLP now owns 265,153 shares of the company’s stock valued at $10,174,000 after purchasing an additional 1,728 shares during the last quarter. Advisory Resource Group increased its stake in SPDR Portfolio Emerging Markets ETF by 5.4% during the third quarter. Advisory Resource Group now owns 60,213 shares of the company’s stock valued at $2,486,000 after purchasing an additional 3,068 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in SPDR Portfolio Emerging Markets ETF by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 637,654 shares of the company’s stock valued at $26,322,000 after purchasing an additional 19,370 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock opened at $40.35 on Friday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88. The firm has a fifty day moving average price of $38.86 and a two-hundred day moving average price of $39.37. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66.

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.