SPDR Portfolio Emerging Markets ETF $SPEM Stock: VestGen Advisors LLC Decreases Holdings

VestGen Advisors LLC lessened its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 21.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,534 shares of the company’s stock after selling 28,879 shares during the quarter. VestGen Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,462,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SPEM. Capital Wealth Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $22,770,000. Financial Insights Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 2.5% during the third quarter. Financial Insights Inc. now owns 165,533 shares of the company’s stock valued at $8,568,000 after purchasing an additional 4,040 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $90,000. Latitude Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $59,000. Finally, Balance Wealth Partners LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $110,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.4%

Shares of SPEM opened at $49.81 on Thursday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $45.28 and a 1 year high of $53.54. The stock has a 50 day simple moving average of $51.96 and a 200-day simple moving average of $50.71. The stock has a market cap of $16.57 billion, a PE ratio of 15.39 and a beta of 0.61.

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.