Valmark Advisers Inc. Sells 148,879 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Valmark Advisers Inc. lessened its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 29.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 365,144 shares of the company’s stock after selling 148,879 shares during the period. Valmark Advisers Inc. owned approximately 0.11% of SPDR Portfolio Emerging Markets ETF worth $17,129,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $289,000. AQR Capital Management LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 80.2% during the first quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock worth $1,236,000 after buying an additional 13,972 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock valued at $4,126,000 after buying an additional 6,463 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 9,682 shares of the company’s stock valued at $414,000 after buying an additional 263 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at about $768,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM traded up $0.28 during midday trading on Friday, hitting $51.97. 1,909,414 shares of the company’s stock were exchanged, compared to its average volume of 2,995,445. SPDR Portfolio Emerging Markets ETF has a 12 month low of $42.66 and a 12 month high of $53.54. The company has a market cap of $17.54 billion, a PE ratio of 15.39 and a beta of 0.60. The stock has a 50 day moving average price of $51.82 and a 200-day moving average price of $49.81.

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.