Tennessee Valley Asset Management Partners lessened its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 10.7% in the second quarter, Holdings Channel.com reports. The fund owned 6,947 shares of the company’s stock after selling 832 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in SPDR Portfolio Emerging Markets ETF were worth $262,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SPEM. CFS Investment Advisory Services LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the fourth quarter. CFS Investment Advisory Services LLC now owns 103,296 shares of the company’s stock worth $3,658,000 after purchasing an additional 4,447 shares during the period. Valley Financial Group Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $4,849,000. Clear Rock Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $503,000. BayBridge Capital Group LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at approximately $2,104,000. Finally, Creative Planning raised its position in shares of SPDR Portfolio Emerging Markets ETF by 2.0% in the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock valued at $901,232,000 after acquiring an additional 504,808 shares during the period.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of NYSEARCA SPEM opened at $38.31 on Friday. 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 cap of $9.09 billion, a P/E ratio of 13.05 and a beta of 0.81. The firm has a 50 day moving average price of $38.03 and a 200 day moving average price of $37.36.
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.
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