SPDR Portfolio Emerging Markets ETF $SPEM Stock Position Trimmed by Sterneck Capital Management LLC

Sterneck Capital Management LLC cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 267,022 shares of the company’s stock after selling 30,539 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up 5.8% of Sterneck Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Sterneck Capital Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $12,499,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 6,487.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock valued at $466,552,000 after buying an additional 10,750,340 shares during the period. 3EDGE Asset Management LP boosted its stake in SPDR Portfolio Emerging Markets ETF by 309.6% in the second quarter. 3EDGE Asset Management LP now owns 3,182,524 shares of the company’s stock valued at $135,997,000 after acquiring an additional 2,405,474 shares during the last quarter. Betterment LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 124.5% during the 2nd quarter. Betterment LLC now owns 1,824,389 shares of the company’s stock valued at $77,974,000 after acquiring an additional 1,011,871 shares during the period. Cassaday & Co Wealth Management LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 686.2% during the 2nd quarter. Cassaday & Co Wealth Management LLC now owns 1,141,575 shares of the company’s stock worth $48,791,000 after purchasing an additional 996,366 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $29,141,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.2%

SPDR Portfolio Emerging Markets ETF stock opened at $48.21 on Monday. The business’s 50 day simple moving average is $47.08 and its 200 day simple moving average is $45.79. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $48.58. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

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.