KWB Wealth Sells 70,317 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

KWB Wealth reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 13.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 469,447 shares of the company’s stock after selling 70,317 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises about 2.4% of KWB Wealth’s portfolio, making the stock its 8th largest holding. KWB Wealth’s holdings in SPDR Portfolio Emerging Markets ETF were worth $19,379,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPEM. LPL Financial LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 5.2% in the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after purchasing an additional 476,292 shares during the last quarter. Allworth Financial LP lifted its stake in SPDR Portfolio Emerging Markets ETF by 1.1% in the third quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after buying an additional 67,205 shares during the period. State Street Corp boosted its stake in SPDR Portfolio Emerging Markets ETF by 10.4% during the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after acquiring an additional 591,019 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after purchasing an additional 323,995 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.2% during the third quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock valued at $91,333,000 after acquiring an additional 204,960 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $37.07 on Tuesday. The company has a 50-day moving average price of $39.33 and a 200-day moving average price of $39.18. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.52 and a 1 year high of $42.88. The stock has a market capitalization of $8.80 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.