Meeder Advisory Services Inc. Lowers Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Meeder Advisory Services Inc. cut its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 613,979 shares of the company’s stock after selling 12,050 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up 1.6% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 12th largest position. Meeder Advisory Services Inc. owned about 0.26% of SPDR Portfolio Emerging Markets ETF worth $25,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPEM. Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock valued at $188,164,000 after purchasing an additional 323,995 shares during the period. US Bancorp DE lifted its position in SPDR Portfolio Emerging Markets ETF by 40.9% during the first quarter. US Bancorp DE now owns 13,995 shares of the company’s stock valued at $506,000 after buying an additional 4,063 shares in the last quarter. Forbes Financial Planning Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 104.7% during the second quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock valued at $2,531,000 after buying an additional 34,371 shares in the last quarter. Raymond James & Associates lifted its position in SPDR Portfolio Emerging Markets ETF by 9.1% during the second quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock valued at $8,961,000 after buying an additional 19,939 shares in the last quarter. Finally, Second Line Capital LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the second quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock valued at $7,683,000 after buying an additional 8,783 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2 %

Shares of SPEM stock opened at $39.01 on Monday. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.52 and a fifty-two week high of $42.88. The firm’s 50 day moving average price is $40.35 and its two-hundred day moving average price is $38.80.

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.