Convergence Financial LLC Cuts Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Convergence Financial LLC decreased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,611 shares of the company’s stock after selling 860 shares during the quarter. Convergence Financial LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $522,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Compass Planning Associates Inc purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth about $28,000. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF in the third quarter worth about $39,000. Strategic Wealth Investment Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $46,000. Blue Trust Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 474.2% during the fourth quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock valued at $94,000 after buying an additional 1,878 shares during the last quarter. Finally, McClarren Financial Advisors Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.3% during the fourth quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock valued at $110,000 after buying an additional 316 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.7 %

Shares of NYSEARCA SPEM opened at $40.07 on Thursday. The firm has a market cap of $10.46 billion, a P/E ratio of 14.32 and a beta of 0.66. The company has a 50 day moving average of $38.88 and a 200 day moving average of $39.45. SPDR Portfolio Emerging Markets ETF has a twelve month low of $35.00 and a twelve month high of $42.88.

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.