NavPoint Financial Inc. cut its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 46.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 35,868 shares of the company’s stock after selling 31,171 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 1.2% of NavPoint Financial Inc.’s holdings, making the stock its 20th largest holding. NavPoint Financial Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,481,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Rothschild Investment LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $27,000. Lynx Investment Advisory bought a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $35,000. Hershey Financial Advisers LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth $49,000. Strategic Financial Concepts LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 649.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after purchasing an additional 128,861 shares during the period. Finally, American National Bank increased its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% during the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of SPDR Portfolio Emerging Markets ETF stock opened at $41.43 on Friday. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The stock’s 50-day moving average is $40.17 and its 200-day moving average is $38.63. SPDR Portfolio Emerging Markets ETF has a one year low of $33.48 and a one year 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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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