Simon Quick Advisors LLC Reduces Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Simon Quick Advisors LLC trimmed its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 16.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,025 shares of the company’s stock after selling 11,725 shares during the quarter. Simon Quick Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kera Capital Partners Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 2.6% during the 1st quarter. Kera Capital Partners Inc. now owns 74,788 shares of the company’s stock valued at $3,508,000 after acquiring an additional 1,909 shares during the period. Clearstead Trust LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 132.8% in the 1st quarter. Clearstead Trust LLC now owns 1,739 shares of the company’s stock worth $82,000 after purchasing an additional 992 shares during the period. Bessemer Group Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 11,326.0% in the 1st quarter. Bessemer Group Inc. now owns 11,883 shares of the company’s stock worth $557,000 after purchasing an additional 11,779 shares during the period. Gerald Baker Financial Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at $287,000. Finally, Independent Financial Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at $2,553,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $50.19 on Friday. The stock has a 50-day simple moving average of $51.71 and a two-hundred day simple moving average of $49.96. SPDR Portfolio Emerging Markets ETF has a 52-week low of $42.66 and a 52-week high of $53.54. The firm has a market capitalization of $16.99 billion, a PE ratio of 15.39 and a beta of 0.60.

SPDR Portfolio Emerging Markets ETF 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.