Gibbs Wealth Management Sells 34,235 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Gibbs Wealth Management trimmed its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,547 shares of the company’s stock after selling 34,235 shares during the period. SPDR Portfolio Emerging Markets ETF comprises 1.2% of Gibbs Wealth Management’s portfolio, making the stock its 16th biggest holding. Gibbs Wealth Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,362,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. CWM LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 3.3% during the third quarter. CWM LLC now owns 2,263,731 shares of the company’s stock valued at $105,965,000 after buying an additional 73,219 shares during the last quarter. Addison Advisors LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at approximately $49,000. Allworth Financial LP boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.9% during the 2nd quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock valued at $285,892,000 after acquiring an additional 121,550 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 45.5% in the third quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock valued at $2,741,000 after purchasing an additional 18,303 shares in the last quarter. Finally, Cerity Partners LLC increased its position in SPDR Portfolio Emerging Markets ETF by 0.7% in the third quarter. Cerity Partners LLC now owns 2,688,945 shares of the company’s stock worth $125,869,000 after purchasing an additional 18,041 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.4%

SPDR Portfolio Emerging Markets ETF stock opened at $49.45 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $49.49. The firm’s fifty day moving average is $47.35 and its 200 day moving average is $46.17. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

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.