ERn Financial LLC Cuts Position in SPDR Portfolio Emerging Markets ETF $SPEM

ERn Financial LLC lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,314 shares of the company’s stock after selling 41,923 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 2.5% of ERn Financial LLC’s portfolio, making the stock its 8th largest position. ERn Financial LLC owned approximately 0.09% of SPDR Portfolio Emerging Markets ETF worth $12,794,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPEM. WBH Advisory Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 6.1% in the third quarter. WBH Advisory Inc. now owns 91,973 shares of the company’s stock worth $4,305,000 after purchasing an additional 5,289 shares during the period. UNIVEST FINANCIAL Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 19.6% during the third quarter. UNIVEST FINANCIAL Corp now owns 17,290 shares of the company’s stock valued at $809,000 after purchasing an additional 2,834 shares during the period. 3EDGE Asset Management LP boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.7% during the 3rd quarter. 3EDGE Asset Management LP now owns 3,235,624 shares of the company’s stock worth $151,402,000 after purchasing an additional 53,100 shares in the last quarter. Naples Global Advisors LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $204,000. Finally, Outlook Wealth Advisors LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 12.8% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 30,766 shares of the company’s stock valued at $1,440,000 after buying an additional 3,496 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $49.24 on Friday. The stock’s 50 day simple moving average is $47.31 and its 200 day simple moving average is $46.12. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $49.44. The company has a market cap of $16.29 billion, a P/E ratio of 15.39 and a beta of 0.56.

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.