Cabot Wealth Management Inc. Trims Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cabot Wealth Management Inc. cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 34.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,890 shares of the company’s stock after selling 4,765 shares during the quarter. Cabot Wealth Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Raymond James & Associates grew its position in SPDR Portfolio Emerging Markets ETF by 8.9% during the third quarter. Raymond James & Associates now owns 258,992 shares of the company’s stock valued at $10,691,000 after buying an additional 21,119 shares during the period. BayBridge Capital Group LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the 3rd quarter. BayBridge Capital Group LLC now owns 60,910 shares of the company’s stock valued at $2,514,000 after acquiring an additional 666 shares during the period. Allworth Financial LP increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the 3rd quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after purchasing an additional 67,205 shares in the last quarter. Outlook Wealth Advisors LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 2.6% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 43,886 shares of the company’s stock worth $1,812,000 after purchasing an additional 1,114 shares during the period. Finally, Modera Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth approximately $244,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $40.35 on Friday. The stock has a market capitalization of $10.54 billion, a PE ratio of 14.32 and a beta of 0.66. The business has a 50 day simple moving average of $38.86 and a 200-day simple moving average of $39.37. SPDR Portfolio Emerging Markets ETF has a 12 month low of $35.00 and a 12 month high of $42.88.

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.