Geneos Wealth Management Inc. Lowers Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Geneos Wealth Management Inc. lessened its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 14.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 256,424 shares of the company’s stock after selling 42,089 shares during the quarter. Geneos Wealth Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $12,003,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Verus Capital Partners LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.3% in the second quarter. Verus Capital Partners LLC now owns 18,408 shares of the company’s stock worth $787,000 after acquiring an additional 235 shares during the period. Vestia Personal Wealth Advisors lifted its holdings in SPDR Portfolio Emerging Markets ETF by 3.1% in the 2nd quarter. Vestia Personal Wealth Advisors now owns 7,806 shares of the company’s stock worth $334,000 after purchasing an additional 236 shares in the last quarter. Rockbridge Investment Management LCC boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.0% in the 2nd quarter. Rockbridge Investment Management LCC now owns 25,083 shares of the company’s stock worth $1,072,000 after purchasing an additional 239 shares during the period. Echo Wealth Management LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 0.4% in the 3rd quarter. Echo Wealth Management LLC now owns 61,832 shares of the company’s stock worth $2,894,000 after purchasing an additional 242 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 16,893 shares of the company’s stock valued at $722,000 after buying an additional 244 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $48.15 on Tuesday. The company’s fifty day moving average price is $47.06 and its 200-day moving average price is $45.62. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $48.56. The company has a market capitalization of $15.86 billion, a PE ratio of 15.39 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.