JNBA Financial Advisors Trims Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

JNBA Financial Advisors decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,041,290 shares of the company’s stock after selling 56,370 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 4.1% of JNBA Financial Advisors’ portfolio, making the stock its 6th largest position. JNBA Financial Advisors’ holdings in SPDR Portfolio Emerging Markets ETF were worth $39,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Net Worth Advisory Group purchased a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter valued at about $776,000. Raymond James & Associates boosted its holdings in SPDR Portfolio Emerging Markets ETF by 8.9% during the 3rd quarter. Raymond James & Associates now owns 258,992 shares of the company’s stock valued at $10,691,000 after acquiring an additional 21,119 shares during the period. Cadent Capital Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth approximately $228,000. Wealth Alliance Advisory Group LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 1.6% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 213,617 shares of the company’s stock worth $8,818,000 after purchasing an additional 3,448 shares during the period. Finally, Cedrus LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 12.7% in the third quarter. Cedrus LLC now owns 87,915 shares of the company’s stock valued at $3,629,000 after purchasing an additional 9,888 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $40.01 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.98 and a 52-week high of $42.88. The company’s 50 day moving average price is $38.88 and its 200-day moving average price is $39.27. The stock has a market capitalization of $9.50 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.