SPDR Portfolio Emerging Markets ETF $SPEM Position Lessened by Ervin Investment Management LLC

Ervin Investment Management LLC trimmed its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 91.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the company’s stock after selling 73,959 shares during the period. Ervin Investment Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% during the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock worth $27,000 after acquiring an additional 589 shares in the last quarter. First Horizon Corp purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth $29,000. Front Row Advisors LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares in the last quarter. Stone House Investment Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at about $40,000. Finally, Signaturefd LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at about $40,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $46.98 on Wednesday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $51.35. The stock’s 50-day moving average is $48.57 and its two-hundred day moving average is $47.78. The firm has a market cap of $16.10 billion, a P/E ratio of 15.39 and a beta of 0.57.

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.