Financial Advocates Investment Management Sells 66,566 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Financial Advocates Investment Management lowered its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 76.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,356 shares of the company’s stock after selling 66,566 shares during the quarter. Financial Advocates Investment Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Verus Capital Partners LLC increased its position in SPDR Portfolio Emerging Markets ETF by 1.3% during the second quarter. Verus Capital Partners LLC now owns 18,408 shares of the company’s stock valued at $787,000 after acquiring an additional 235 shares during the last quarter. Vestia Personal Wealth Advisors boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.1% during the 2nd quarter. Vestia Personal Wealth Advisors now owns 7,806 shares of the company’s stock worth $334,000 after purchasing an additional 236 shares during the period. Rockbridge Investment Management LCC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.0% during the 2nd quarter. Rockbridge Investment Management LCC now owns 25,083 shares of the company’s stock worth $1,072,000 after purchasing an additional 239 shares during the period. Apollon Wealth Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 16,893 shares of the company’s stock valued at $722,000 after purchasing an additional 244 shares during the last quarter. Finally, Focus Financial Network Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 3.8% in the 2nd quarter. Focus Financial Network Inc. now owns 7,195 shares of the company’s stock worth $307,000 after purchasing an additional 263 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $46.85 on Thursday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $48.56. The firm has a 50-day simple moving average of $47.09 and a two-hundred day simple moving average of $44.57. The company has a market cap of $14.46 billion, a P/E ratio of 15.39 and a beta of 0.56.

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.