Paladin Advisory Group LLC lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 60.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,115 shares of the company’s stock after selling 25,681 shares during the quarter. Paladin Advisory Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $606,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in SPEM. Anchor Investment Management LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $28,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $28,000. Carmichael Hill & Associates Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $32,000. PCA Investment Advisory Services Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $32,000. Finally, FinTrust Capital Advisors LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $36,000.
SPDR Portfolio Emerging Markets ETF Stock Down 0.4 %
SPEM stock traded down $0.13 during mid-day trading on Friday, hitting $35.36. 1,387,746 shares of the company were exchanged, compared to its average volume of 1,917,970. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $37.06. The firm has a market capitalization of $8.39 billion, a P/E ratio of 12.11 and a beta of 0.78. The business has a fifty day simple moving average of $35.88 and a 200-day simple moving average of $34.77.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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