SPDR Portfolio Emerging Markets ETF $SPEM Holdings Decreased by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC reduced its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 32.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 302,356 shares of the company’s stock after selling 147,229 shares during the period. SPDR Portfolio Emerging Markets ETF comprises approximately 1.3% of N.E.W. Advisory Services LLC’s holdings, making the stock its 18th largest holding. N.E.W. Advisory Services LLC owned about 0.10% of SPDR Portfolio Emerging Markets ETF worth $12,923,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SPEM. Knuff & Co LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth $29,000. Brooklyn Investment Group bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $32,000. Sachetta LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 2,263.9% during the second quarter. Sachetta LLC now owns 851 shares of the company’s stock worth $36,000 after acquiring an additional 815 shares during the period. Webster Bank N. A. bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter worth about $40,000. Finally, Addison Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter worth about $49,000.

SPDR Portfolio Emerging Markets ETF Trading Down 0.9%

NYSEARCA:SPEM opened at $46.84 on Friday. The firm has a market capitalization of $14.46 billion, a PE ratio of 15.39 and a beta of 0.56. The stock has a 50 day moving average of $47.15 and a 200-day moving average of $45.03. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $48.56.

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.