Northwestern Mutual Wealth Management Co. Cuts Position in SPDR Portfolio Emerging Markets ETF $SPEM

Northwestern Mutual Wealth Management Co. lessened its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 52.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,677,790 shares of the company’s stock after selling 1,825,898 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $78,537,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.0% during the 4th quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock valued at $437,929,000 after buying an additional 94,029 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 7.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock valued at $325,188,000 after buying an additional 462,591 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock valued at $228,232,000 after purchasing an additional 279,126 shares during the last quarter. 3EDGE Asset Management LP lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.7% in the 3rd quarter. 3EDGE Asset Management LP now owns 3,235,624 shares of the company’s stock valued at $151,402,000 after purchasing an additional 53,100 shares during the last quarter. Finally, Vantagepoint Investment Advisers LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $128,313,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $50.84 on Monday. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1 year low of $40.67 and a 1 year high of $53.03. The business has a 50 day simple moving average of $49.07 and a 200-day simple moving average of $48.51.

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.