Wealth Enhancement Advisory Services LLC Sells 145,181 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Wealth Enhancement Advisory Services LLC reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 879,660 shares of the company’s stock after selling 145,181 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.33% of SPDR Portfolio Emerging Markets ETF worth $34,632,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPEM. Brooklyn FI LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6,305.1% in the 4th quarter. Brooklyn FI LLC now owns 6,194,793 shares of the company’s stock worth $249,018,000 after purchasing an additional 6,098,077 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $76,342,000. BlueStem Wealth Partners LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $38,051,000. Bank of America Corp DE lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 33.5% in the 4th quarter. Bank of America Corp DE now owns 2,956,916 shares of the company’s stock worth $113,457,000 after purchasing an additional 742,179 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 37.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock worth $103,397,000 after purchasing an additional 740,980 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.9%

Shares of SPEM opened at $41.49 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $34.38 and a 12-month high of $42.88. The business’s fifty day moving average is $40.68 and its 200 day moving average is $39.58. The stock has a market cap of $11.68 billion, a P/E ratio of 14.73 and a beta of 0.56.

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.