Impact Partnership Wealth LLC Trims Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Impact Partnership Wealth LLC cut its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 27.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 456,104 shares of the company’s stock after selling 174,255 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises about 3.2% of Impact Partnership Wealth LLC’s portfolio, making the stock its 7th largest holding. Impact Partnership Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $21,350,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Creative Planning grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.9% during the second quarter. Creative Planning now owns 22,882,892 shares of the company’s stock worth $978,015,000 after buying an additional 208,911 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 6,487.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock worth $466,552,000 after purchasing an additional 10,750,340 shares in the last quarter. Allworth Financial LP grew its position in SPDR Portfolio Emerging Markets ETF by 1.9% in the second quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock valued at $285,892,000 after purchasing an additional 121,550 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 1.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,484,376 shares of the company’s stock valued at $277,142,000 after buying an additional 122,532 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after buying an additional 279,126 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $50.22 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $50.58. The company has a market cap of $16.77 billion, a P/E ratio of 15.39 and a beta of 0.56. The stock’s 50-day simple moving average is $47.63 and its 200 day simple moving average is $46.37.

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.