Cutler Investment Counsel LLC Buys 20,013 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Cutler Investment Counsel LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 803,495 shares of the company’s stock after acquiring an additional 20,013 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up 3.9% of Cutler Investment Counsel LLC’s portfolio, making the stock its 4th biggest position. Cutler Investment Counsel LLC owned 0.26% of SPDR Portfolio Emerging Markets ETF worth $37,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 6,487.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock worth $466,552,000 after purchasing an additional 10,750,340 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $128,313,000. 3EDGE Asset Management LP lifted its holdings in SPDR Portfolio Emerging Markets ETF by 309.6% during the 2nd quarter. 3EDGE Asset Management LP now owns 3,182,524 shares of the company’s stock worth $135,997,000 after buying an additional 2,405,474 shares during the last quarter. Betterment LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 124.5% in the 2nd quarter. Betterment LLC now owns 1,824,389 shares of the company’s stock worth $77,974,000 after acquiring an additional 1,011,871 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 686.2% in the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 1,141,575 shares of the company’s stock worth $48,791,000 after acquiring an additional 996,366 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 2.0%

Shares of NYSEARCA SPEM opened at $49.20 on Friday. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a twelve month low of $34.38 and a twelve month high of $50.58. The business has a 50 day simple moving average of $47.69 and a 200-day simple moving average of $46.44.

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.