SPDR Portfolio Emerging Markets ETF $SPEM Shares Sold by Forbes Financial Planning Inc.

Forbes Financial Planning Inc. trimmed its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 37.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,809 shares of the company’s stock after selling 26,909 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for about 1.3% of Forbes Financial Planning Inc.’s investment portfolio, making the stock its 20th largest position. Forbes Financial Planning Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,958,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Knuff & Co LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $32,000. Sachetta LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 2,263.9% in the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after buying an additional 815 shares in the last quarter. Webster Bank N. A. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $40,000. Finally, Compass Planning Associates Inc increased its position in SPDR Portfolio Emerging Markets ETF by 42.4% during the second quarter. Compass Planning Associates Inc now owns 1,814 shares of the company’s stock worth $78,000 after buying an additional 540 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.4%

NYSEARCA SPEM opened at $47.29 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $48.56. The business has a fifty day moving average of $46.64 and a 200-day moving average of $43.82. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

SPDR Portfolio Emerging Markets ETF Company 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.