Simplicity Wealth LLC Cuts Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Simplicity Wealth LLC lessened its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 35.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,095 shares of the company’s stock after selling 19,565 shares during the period. Simplicity Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $76,342,000. BlueStem Wealth Partners LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $38,051,000. Bank of New York Mellon Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 37.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock worth $103,397,000 after purchasing an additional 740,980 shares during the period. State Street Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after purchasing an additional 591,019 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.2% in the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after purchasing an additional 476,292 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.3 %

NYSEARCA:SPEM opened at $39.95 on Monday. The stock has a market capitalization of $10.43 billion, a PE ratio of 14.32 and a beta of 0.66. The firm’s 50 day moving average is $38.93 and its 200 day moving average is $39.51. SPDR Portfolio Emerging Markets ETF has a 12 month low of $35.00 and a 12 month high of $42.88.

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.