KWB Wealth Has $23.93 Million Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

KWB Wealth lessened its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 43.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 511,181 shares of the company’s stock after selling 385,010 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 2.3% of KWB Wealth’s portfolio, making the stock its 10th largest position. KWB Wealth’s holdings in SPDR Portfolio Emerging Markets ETF were worth $23,928,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SPEM. Hantz Financial Services Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 2,031.0% in the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock valued at $27,000 after acquiring an additional 589 shares during the last quarter. First Horizon Corp purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth approximately $29,000. Front Row Advisors LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 147.9% during the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after purchasing an additional 460 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $40,000. Finally, Blue Trust Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 539.1% in the 3rd quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock worth $57,000 after purchasing an additional 1,035 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 2.1%

Shares of NYSEARCA SPEM opened at $46.62 on Tuesday. The stock has a fifty day simple moving average of $49.12 and a two-hundred day simple moving average of $47.74. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $51.35. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

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.