Midwest Financial Network LLC cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 26.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 72,015 shares of the company’s stock after selling 26,432 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 2.7% of Midwest Financial Network LLC’s holdings, making the stock its 12th biggest holding. Midwest Financial Network LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,378,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. First Command Advisory Services Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $26,000. Ascentis Independent Advisors bought a new stake in SPDR Portfolio Emerging Markets ETF in the first quarter valued at $27,000. Safe Harbor Fiduciary LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $32,000. Front Row Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $37,000.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of NYSEARCA SPEM opened at $50.93 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $42.66 and a 52-week high of $53.54. The business has a fifty day moving average of $51.51 and a two-hundred day moving average of $50.16. The stock has a market cap of $17.24 billion, a PE ratio of 15.39 and a beta of 0.60.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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