Freedom Investment Management Inc. Reduces Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Freedom Investment Management Inc. trimmed its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 41.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,777 shares of the company’s stock after selling 5,619 shares during the quarter. Freedom Investment Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $321,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in 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 valued at $188,164,000 after acquiring an additional 323,995 shares during the period. Forbes Financial Planning Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 104.7% during the second quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock valued at $2,531,000 after purchasing an additional 34,371 shares during the period. Raymond James & Associates boosted its holdings in SPDR Portfolio Emerging Markets ETF by 9.1% in the second quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock valued at $8,961,000 after purchasing an additional 19,939 shares during the last quarter. Second Line Capital LLC grew its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the 2nd quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock worth $7,683,000 after purchasing an additional 8,783 shares during the period. Finally, SPC Financial Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.1% during the 2nd quarter. SPC Financial Inc. now owns 79,752 shares of the company’s stock valued at $3,004,000 after buying an additional 3,889 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.5 %

Shares of SPEM stock opened at $39.40 on Friday. The stock has a market cap of $9.35 billion, a PE ratio of 13.05 and a beta of 0.81. The business has a 50-day simple moving average of $40.55 and a 200-day simple moving average of $38.92. SPDR Portfolio Emerging Markets ETF has a 52-week low of $33.52 and a 52-week high of $42.88.

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.