Fragasso Financial Advisors Inc Trims Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Fragasso Financial Advisors Inc cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,097 shares of the company’s stock after selling 905 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in SPDR Portfolio Emerging Markets ETF were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPEM. American National Bank raised its position in SPDR Portfolio Emerging Markets ETF by 179.0% in the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after purchasing an additional 519 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $32,000. WASHINGTON TRUST Co purchased a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth approximately $44,000. Valley National Advisers Inc. lifted its stake 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 acquiring an additional 338 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $101,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.6 %

Shares of NYSEARCA SPEM traded up $0.21 during mid-day trading on Tuesday, reaching $36.23. The company had a trading volume of 3,438,660 shares, compared to its average volume of 1,644,230. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $39.32. The stock has a market cap of $8.60 billion, a P/E ratio of 13.05 and a beta of 0.81. The firm has a 50 day simple moving average of $37.91 and a two-hundred day simple moving average of $36.72.

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.