Valmark Advisers Inc. Lowers Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Valmark Advisers Inc. reduced its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 29.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 365,144 shares of the company’s stock after selling 148,879 shares during the period. Valmark Advisers Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $17,129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 33.3% in the fourth quarter. Midwest Capital Advisors LLC now owns 407,988 shares of the company’s stock worth $19,098,000 after purchasing an additional 101,817 shares during the last quarter. Brooklyn FI LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 19.9% during the 4th quarter. Brooklyn FI LLC now owns 144,230 shares of the company’s stock valued at $6,751,000 after purchasing an additional 23,983 shares during the last quarter. Lunt Capital Management Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $569,000. McNamara Financial Services Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.6% during the 4th quarter. McNamara Financial Services Inc. now owns 869,793 shares of the company’s stock worth $40,715,000 after purchasing an additional 13,566 shares during the period. Finally, Fort Point Capital Partners LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.8% during the 3rd quarter. Fort Point Capital Partners LLC now owns 240,605 shares of the company’s stock worth $11,263,000 after purchasing an additional 13,202 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.5%

Shares of NYSEARCA:SPEM traded up $0.28 during midday trading on Friday, reaching $51.97. The company had a trading volume of 1,909,414 shares, compared to its average volume of 2,995,445. The stock has a market cap of $17.54 billion, a P/E ratio of 15.39 and a beta of 0.60. The company’s 50 day moving average price is $51.82 and its 200 day moving average price is $49.81. SPDR Portfolio Emerging Markets ETF has a 52-week low of $42.66 and a 52-week high of $53.54.

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.