Ascent Group LLC Has $2.27 Million Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Ascent Group LLC reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,826 shares of the company’s stock after selling 2,400 shares during the period. Ascent Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Raymond James & Associates lifted its stake in SPDR Portfolio Emerging Markets ETF by 450.4% during the 4th quarter. Raymond James & Associates now owns 1,018,197 shares of the company’s stock valued at $36,054,000 after acquiring an additional 833,207 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 38.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,491,923 shares of the company’s stock valued at $88,239,000 after purchasing an additional 688,304 shares during the last quarter. Creative Planning lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 2.0% during the fourth quarter. Creative Planning now owns 25,451,348 shares of the company’s stock valued at $901,232,000 after purchasing an additional 504,808 shares in the last quarter. Heritage Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $16,842,000. Finally, TIAA Trust National Association grew its position in SPDR Portfolio Emerging Markets ETF by 8.1% in the 4th quarter. TIAA Trust National Association now owns 5,107,031 shares of the company’s stock worth $180,840,000 after purchasing an additional 382,150 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM traded down $0.15 on Monday, hitting $37.52. The stock had a trading volume of 645,741 shares, compared to its average volume of 1,630,867. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $39.32. The firm’s fifty day simple moving average is $38.03 and its two-hundred day simple moving average is $36.60. The stock has a market cap of $8.91 billion, a P/E 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.