CFS Investment Advisory Services LLC Lowers Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

CFS Investment Advisory Services LLC cut its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 50.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,532 shares of the company’s stock after selling 24,708 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $941,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Archer Investment Corp purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth about $49,000. McClarren Financial Advisors Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 583.2% during the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after buying an additional 2,193 shares during the last quarter. Fortitude Family Office LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at approximately $121,000. Finally, Abound Wealth Management increased its stake in SPDR Portfolio Emerging Markets ETF by 420.2% in the 4th quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock worth $131,000 after acquiring an additional 2,761 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $38.92 on Friday. The firm has a fifty day moving average price of $39.01 and a 200 day moving average price of $39.18. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.94 and a fifty-two week high of $42.88. The firm has a market cap of $9.24 billion, a PE ratio of 13.05 and a beta of 0.81.

About SPDR Portfolio Emerging Markets ETF

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.