ARQ Wealth Advisors LLC Lowers Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

ARQ Wealth Advisors LLC lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,029 shares of the company’s stock after selling 23,396 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,435,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SPEM. Charles Schwab Investment Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 6,487.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock valued at $466,552,000 after acquiring an additional 10,750,340 shares during the period. Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 7.1% in the third quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock worth $325,188,000 after purchasing an additional 462,591 shares during the period. Ameriprise Financial Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after purchasing an additional 279,126 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,503,688 shares of the company’s stock valued at $164,008,000 after purchasing an additional 123,404 shares in the last quarter. Finally, 3EDGE Asset Management LP increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.7% during the third quarter. 3EDGE Asset Management LP now owns 3,235,624 shares of the company’s stock valued at $151,402,000 after purchasing an additional 53,100 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $47.96 on Wednesday. The firm has a 50 day moving average price of $49.27 and a 200-day moving average price of $47.68. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $51.35. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

SPDR Portfolio Emerging Markets ETF 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.