SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Stake Lessened by Meridian Wealth Management LLC

Meridian Wealth Management LLC cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,308 shares of the company’s stock after selling 2,317 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compass Planning Associates Inc bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth approximately $28,000. Archer Investment Corp bought a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter worth approximately $39,000. Strategic Wealth Investment Group LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth approximately $46,000. SBI Securities Co. Ltd. bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth approximately $64,000. Finally, Blue Trust Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 474.2% during the fourth quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after buying an additional 1,878 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA:SPEM opened at $39.95 on Thursday. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88. The company has a 50 day moving average price of $38.89 and a 200 day moving average price of $39.49.

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.