Bahl & Gaynor Inc. Sells 1,100 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Bahl & Gaynor Inc. decreased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,650 shares of the company’s stock after selling 1,100 shares during the period. Bahl & Gaynor Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.2% in the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after buying an additional 476,292 shares during the period. Allworth Financial LP increased its position in SPDR Portfolio Emerging Markets ETF by 3.0% in the fourth quarter. Allworth Financial LP now owns 6,486,557 shares of the company’s stock worth $250,381,000 after purchasing an additional 189,092 shares during the period. State Street Corp raised its holdings in SPDR Portfolio Emerging Markets ETF by 10.4% during the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after purchasing an additional 591,019 shares during the last quarter. Bank of New York Mellon Corp lifted its position in SPDR Portfolio Emerging Markets ETF by 37.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after purchasing an additional 740,980 shares during the period. Finally, Assetmark Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 10.2% during the 3rd quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock valued at $91,333,000 after purchasing an additional 204,960 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $39.95 on Thursday. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66. The company has a 50 day moving average of $38.89 and a 200-day moving average of $39.49. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one year high of $42.88.

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.