SPDR Portfolio Emerging Markets ETF $SPEM Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,945,853 shares of the company’s stock after selling 21,674 shares during the quarter. Cetera Investment Advisers’ holdings in SPDR Portfolio Emerging Markets ETF were worth $91,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in SPEM. Midwest Capital Advisors LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 33.3% during the fourth 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 last quarter. Brooklyn FI LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 19.9% during the 4th quarter. Brooklyn FI LLC now owns 144,230 shares of the company’s stock valued at $6,751,000 after purchasing an additional 23,983 shares during the period. McNamara Financial Services Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.6% during the fourth quarter. McNamara Financial Services Inc. now owns 869,793 shares of the company’s stock valued at $40,715,000 after buying an additional 13,566 shares during the last quarter. Lunt Capital Management Inc. bought a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $569,000. Finally, Forefront Wealth Partners LLC raised its stake in shares of 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 buying an additional 11,756 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM opened at $50.48 on Friday. The firm’s fifty day moving average is $51.59 and its 200 day moving average is $50.09. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $42.66 and a fifty-two week high of $53.54. The stock has a market cap of $17.09 billion, a price-to-earnings 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.