CGN Advisors LLC Trims Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

CGN Advisors LLC decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 572,818 shares of the company’s stock after selling 13,123 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 2.2% of CGN Advisors LLC’s holdings, making the stock its 10th largest position. CGN Advisors LLC owned 0.17% of SPDR Portfolio Emerging Markets ETF worth $29,661,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Midwest Capital Advisors LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 33.3% in the 4th quarter. Midwest Capital Advisors LLC now owns 407,988 shares of the company’s stock valued at $19,098,000 after buying an additional 101,817 shares during the period. Brooklyn FI LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 19.9% during the fourth quarter. Brooklyn FI LLC now owns 144,230 shares of the company’s stock worth $6,751,000 after acquiring an additional 23,983 shares during the period. Lunt Capital Management Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $569,000. Forefront Wealth Partners LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 28.8% in the fourth quarter. Forefront Wealth Partners LLC now owns 52,564 shares of the company’s stock worth $2,461,000 after acquiring an additional 11,756 shares during the last quarter. Finally, McNamara Financial Services Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 1.6% in the fourth quarter. McNamara Financial Services Inc. now owns 869,793 shares of the company’s stock worth $40,715,000 after acquiring an additional 13,566 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 1.7%

Shares of SPEM stock opened at $52.02 on Wednesday. The business has a 50 day moving average of $51.50 and a two-hundred day moving average of $50.21. SPDR Portfolio Emerging Markets ETF has a 52 week low of $43.22 and a 52 week high of $53.54. The company has a market cap of $17.61 billion, a P/E ratio of 15.39 and a beta of 0.60.

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.