Melone Private Wealth LLC Decreases Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Melone Private Wealth LLC decreased its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,377 shares of the company’s stock after selling 24,613 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for about 3.2% of Melone Private Wealth LLC’s holdings, making the stock its 13th biggest position. Melone Private Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $8,511,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPEM. Midwest Capital Advisors LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 33.3% during the 4th quarter. Midwest Capital Advisors LLC now owns 407,988 shares of the company’s stock worth $19,098,000 after acquiring an additional 101,817 shares during the period. Lunt Capital Management Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth about $569,000. Forefront Wealth Partners LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 28.8% in the 4th quarter. Forefront Wealth Partners LLC now owns 52,564 shares of the company’s stock valued at $2,461,000 after acquiring an additional 11,756 shares during the period. Atlas Private Wealth Advisors raised its stake in SPDR Portfolio Emerging Markets ETF by 9.0% in the 4th quarter. Atlas Private Wealth Advisors now owns 217,702 shares of the company’s stock valued at $10,191,000 after acquiring an additional 17,888 shares during the period. Finally, Main Management ETF Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 9.2% during the fourth quarter. Main Management ETF Advisors LLC now owns 249,130 shares of the company’s stock valued at $11,662,000 after purchasing an additional 20,952 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $52.42 on Monday. The firm has a market capitalization of $17.74 billion, a PE ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a twelve month low of $43.65 and a twelve month high of $53.54. The company has a 50-day moving average price of $51.47 and a two-hundred day moving average price of $50.28.

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.