Proffitt & Goodson Inc. Decreases Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Proffitt & Goodson Inc. trimmed its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,601 shares of the company’s stock after selling 4,934 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 0.7% of Proffitt & Goodson Inc.’s investment portfolio, making the stock its 24th largest position. Proffitt & Goodson Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,827,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in SPDR Portfolio Emerging Markets ETF by 282.1% during the first quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock worth $49,962,000 after buying an additional 1,019,272 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 44.4% during the 1st quarter. Jane Street Group LLC now owns 2,431,196 shares of the company’s stock worth $87,985,000 after acquiring an additional 747,277 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 83.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock valued at $59,488,000 after acquiring an additional 719,833 shares during the last quarter. Wells Fargo & Company MN grew 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 period. Finally, Creative Planning increased its position in 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 worth $901,232,000 after purchasing an additional 504,808 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 1.2 %

NYSEARCA:SPEM traded down $0.48 on Thursday, hitting $38.26. The stock had a trading volume of 911,850 shares, compared to its average volume of 1,597,734. The company has a fifty day moving average price of $37.96 and a two-hundred day moving average price of $37.00. SPDR Portfolio Emerging Markets ETF has a 1-year low of $32.06 and a 1-year high of $39.32. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

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.