Towerpoint Wealth LLC Decreases Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Towerpoint Wealth LLC lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,350 shares of the company’s stock after selling 1,035 shares during the period. Towerpoint Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPEM. Wedmont Private Capital raised its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% in the first quarter. Wedmont Private Capital now owns 43,028 shares of the company’s stock worth $1,593,000 after purchasing an additional 278 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 15,625 shares of the company’s stock worth $553,000 after acquiring an additional 301 shares in the last quarter. Vantage Investment Partners LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 4.3% during the 4th quarter. Vantage Investment Partners LLC now owns 7,550 shares of the company’s stock valued at $267,000 after acquiring an additional 310 shares during the period. Eudaimonia Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 2.1% during the fourth quarter. Eudaimonia Advisors LLC now owns 16,180 shares of the company’s stock worth $573,000 after acquiring an additional 329 shares in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 15.5% in the fourth quarter. Valley National Advisers Inc. now owns 2,512 shares of the company’s stock worth $88,000 after purchasing an additional 338 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock traded down $0.01 during midday trading on Thursday, hitting $37.57. The company had a trading volume of 1,504,450 shares, compared to its average volume of 1,664,521. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $38.84. The stock has a market capitalization of $8.92 billion, a P/E ratio of 13.05 and a beta of 0.81. The company has a 50 day moving average of $37.56 and a 200 day moving average of $36.09.

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.