NorthRock Partners LLC cut its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 2.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,092,633 shares of the company’s stock after selling 32,006 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for about 0.8% of NorthRock Partners LLC’s investment portfolio, making the stock its 29th biggest holding. NorthRock Partners LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $56,577,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 30.3% during the 2nd quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock worth $45,533,000 after acquiring an additional 204,270 shares during the period. IFP Advisors Inc increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 18.2% in the second quarter. IFP Advisors Inc now owns 164,298 shares of the company’s stock valued at $8,507,000 after purchasing an additional 25,284 shares during the period. Baird Financial Group Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 17.1% in the second quarter. Baird Financial Group Inc. now owns 22,325 shares of the company’s stock valued at $1,156,000 after purchasing an additional 3,252 shares during the period. XY Planning Network Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 33.2% in the second quarter. XY Planning Network Inc. now owns 22,882 shares of the company’s stock worth $1,185,000 after purchasing an additional 5,702 shares during the last quarter. Finally, BayBridge Capital Group LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 7.4% in the second quarter. BayBridge Capital Group LLC now owns 66,621 shares of the company’s stock worth $3,450,000 after purchasing an additional 4,581 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Down 0.2%
SPDR Portfolio Emerging Markets ETF stock opened at $53.30 on Wednesday. The stock has a 50-day moving average price of $51.73 and a 200 day moving average price of $50.71. The company has a market capitalization of $18.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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