Collaborative Wealth Managment Inc. lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 9.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,393 shares of the company’s stock after selling 2,647 shares during the period. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $974,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Planning Associates Inc bought a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $28,000. Archer Investment Corp bought a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth $39,000. Strategic Wealth Investment Group LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $46,000. Rialto Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $60,000. Finally, SBI Securities Co. Ltd. bought a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $64,000.
SPDR Portfolio Emerging Markets ETF Stock Up 1.9 %
Shares of SPEM stock opened at $40.08 on Friday. The firm has a market capitalization of $10.60 billion, a P/E ratio of 14.80 and a beta of 0.67. SPDR Portfolio Emerging Markets ETF has a twelve month low of $35.00 and a twelve month high of $42.88. The stock’s fifty day simple moving average is $39.04 and its 200 day simple moving average is $39.53.
About SPDR Portfolio Emerging Markets ETF
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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