Ballentine Partners LLC Cuts Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Ballentine Partners LLC trimmed its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 508,176 shares of the company’s stock after selling 14,460 shares during the quarter. Ballentine Partners LLC owned about 0.21% of SPDR Portfolio Emerging Markets ETF worth $19,499,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SPEM. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth about $49,000. McClarren Financial Advisors Inc. grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 583.2% during the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock worth $106,000 after acquiring an additional 2,193 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at about $121,000. Finally, Abound Wealth Management raised its position in shares of SPDR Portfolio Emerging Markets ETF by 420.2% in the 4th quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock valued at $131,000 after purchasing an additional 2,761 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.9 %

SPEM stock opened at $38.26 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $33.72 and a 52 week high of $42.88. The stock has a market capitalization of $9.08 billion, a PE ratio of 13.05 and a beta of 0.81. The firm has a 50 day moving average of $39.05 and a 200 day moving average of $39.18.

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.