Cassaday & Co Wealth Management LLC Sells 10,106 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Cassaday & Co Wealth Management LLC cut its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.9% during the 1st quarter, Holdings Channel reports. The firm owned 1,127,168 shares of the company’s stock after selling 10,106 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 1.1% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 16th largest holding. Cassaday & Co Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $52,875,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 20.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after purchasing an additional 2,653,013 shares during the period. LPL Financial LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after buying an additional 1,758,866 shares during the period. HighTower Advisors LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 51.5% during the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock worth $122,933,000 after acquiring an additional 893,023 shares during the period. State Street Corp increased its holdings in SPDR Portfolio Emerging Markets ETF by 23.1% in the 4th quarter. State Street Corp now owns 4,419,838 shares of the company’s stock worth $206,893,000 after acquiring an additional 830,465 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in SPDR Portfolio Emerging Markets ETF by 54.2% during the third quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock valued at $107,703,000 after purchasing an additional 809,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.0%

SPEM opened at $50.17 on Tuesday. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The firm has a 50-day moving average price of $51.66 and a 200-day moving average price of $50.01. SPDR Portfolio Emerging Markets ETF has a twelve month low of $42.66 and a twelve month 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.