Kingswood Wealth Advisors LLC Trims Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Kingswood Wealth Advisors LLC trimmed its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,701 shares of the company’s stock after selling 770 shares during the period. Kingswood Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Archer Investment Corp purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $49,000. McClarren Financial Advisors Inc. increased its position 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 worth $106,000 after buying an additional 2,193 shares during the period. Fortitude Family Office LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $121,000. Finally, Abound Wealth Management boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 420.2% in the fourth quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock valued at $131,000 after acquiring an additional 2,761 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $38.30 on Tuesday. The firm’s fifty day simple moving average is $39.01 and its 200-day simple moving average is $39.18. SPDR Portfolio Emerging Markets ETF has a 12 month low of $33.94 and a 12 month high of $42.88. The stock has a market capitalization of $9.09 billion, a price-to-earnings 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.