Simon Quick Advisors LLC reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,705 shares of the company’s stock after selling 1,741 shares during the period. Simon Quick Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,311,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $26,000. IMG Wealth Management Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $27,000. Compass Planning Associates Inc acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $28,000. Bernard Wealth Management Corp. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $50,000. Finally, Rialto Wealth Management LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $60,000.
SPDR Portfolio Emerging Markets ETF Trading Up 0.3%
NYSEARCA:SPEM opened at $42.65 on Thursday. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $42.88. The stock has a 50 day moving average of $39.84 and a two-hundred day moving average of $39.45. The firm has a market cap of $12.01 billion, a P/E ratio of 14.73 and a beta of 0.56.
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.
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