NorthRock Partners LLC Cuts Stake in SPDR Portfolio Emerging Markets ETF $SPEM

NorthRock Partners LLC cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,092,633 shares of the company’s stock after selling 32,006 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 0.8% of NorthRock Partners LLC’s investment portfolio, making the stock its 29th biggest holding. NorthRock Partners LLC owned about 0.32% of SPDR Portfolio Emerging Markets ETF worth $56,577,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Paces Ferry Wealth Advisors LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 4.1% during the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock worth $236,000 after buying an additional 200 shares during the last quarter. Trinity Wealth Management LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 0.9% in the first quarter. Trinity Wealth Management LLC now owns 21,496 shares of the company’s stock valued at $1,008,000 after buying an additional 201 shares during the last quarter. Kelman Lazarov Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 3.3% in the first quarter. Kelman Lazarov Inc. now owns 6,272 shares of the company’s stock valued at $294,000 after buying an additional 203 shares during the last quarter. Mascagni Wealth Management Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 4.8% in the fourth quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock worth $211,000 after acquiring an additional 207 shares in the last quarter. Finally, Kraft Davis & Associates LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 1.7% in the second quarter. Kraft Davis & Associates LLC now owns 12,406 shares of the company’s stock worth $634,000 after acquiring an additional 207 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $53.30 on Wednesday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. The stock’s 50-day simple moving average is $51.73 and its 200-day simple moving average is $50.71.

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.