Sage Mountain Advisors LLC Sells 560 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Sage Mountain Advisors LLC cut its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 11.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,260 shares of the company’s stock after selling 560 shares during the quarter. Sage Mountain Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $160,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wedmont Private Capital lifted its position 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 buying an additional 278 shares during the last quarter. WealthPLAN Partners LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.5% during the 1st quarter. WealthPLAN Partners LLC now owns 8,398 shares of the company’s stock worth $304,000 after purchasing an additional 282 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 2.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 15,625 shares of the company’s stock valued at $553,000 after purchasing an additional 301 shares during the last quarter. Verus Capital Partners LLC raised its position in SPDR Portfolio Emerging Markets ETF by 1.8% in the 1st quarter. Verus Capital Partners LLC now owns 17,201 shares of the company’s stock worth $623,000 after purchasing an additional 302 shares during the period. Finally, Epic Trust Investment Advisors LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 3.4% in the second quarter. Epic Trust Investment Advisors LLC now owns 9,367 shares of the company’s stock worth $353,000 after purchasing an additional 304 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM traded up $0.10 during trading hours on Friday, hitting $38.59. 744,678 shares of the company’s stock traded hands, compared to its average volume of 1,574,337. The business has a fifty day moving average price of $38.02 and a 200-day moving average price of $37.19. The firm has a market capitalization of $9.16 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $39.32.

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.