McAdam LLC reduced its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,403 shares of the company’s stock after selling 1,437 shares during the quarter. McAdam LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,878,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in SPEM. American National Bank lifted its position in SPDR Portfolio Emerging Markets ETF by 179.0% in the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after acquiring an additional 519 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $32,000. Lynx Investment Advisory purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth approximately $35,000. WASHINGTON TRUST Co bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $44,000. Finally, LRI Investments LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $101,000.
SPDR Portfolio Emerging Markets ETF Stock Up 1.4 %
NYSEARCA SPEM traded up $0.55 on Friday, reaching $38.81. The company had a trading volume of 667,327 shares, compared to its average volume of 1,592,026. The company’s fifty day moving average is $37.99 and its 200 day moving average is $37.04. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $39.32. The stock has a market capitalization of $9.21 billion, a P/E ratio of 13.05 and a beta of 0.81.
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.
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