Ballast Advisors LLC lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,312 shares of the company’s stock after selling 345 shares during the period. Ballast Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in SPEM. IMG Wealth Management Inc. bought a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $27,000. Compass Planning Associates Inc bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $28,000. Strategic Wealth Investment Group LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth about $46,000. Rialto Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $60,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $64,000.
SPDR Portfolio Emerging Markets ETF Trading Down 0.9 %
NYSEARCA SPEM opened at $40.20 on Friday. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67. The company has a 50 day moving average of $39.22 and a 200-day moving average of $39.58. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88.
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.
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