Collaborative Wealth Managment Inc. Has $974,000 Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Collaborative Wealth Managment Inc. cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,393 shares of the company’s stock after selling 2,647 shares during the period. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $974,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPEM. Raymond James Financial Inc. acquired a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $76,342,000. BlueStem Wealth Partners LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $38,051,000. Bank of New York Mellon Corp raised its holdings in SPDR Portfolio Emerging Markets ETF by 37.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after acquiring an additional 740,980 shares in the last quarter. State Street Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after purchasing an additional 591,019 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $19,872,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $40.08 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $35.00 and a 52-week high of $42.88. The business’s fifty day moving average is $39.04 and its 200-day moving average is $39.53. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67.

SPDR Portfolio Emerging Markets ETF 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.