Austin Wealth Management LLC Trims Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Austin Wealth Management LLC lessened its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,169 shares of the company’s stock after selling 500 shares during the quarter. Austin Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Financial Advocates Investment Management raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 7.5% during the third quarter. Financial Advocates Investment Management now owns 71,225 shares of the company’s stock worth $2,945,000 after purchasing an additional 4,972 shares during the last quarter. Strategic Financial Planning Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 9.7% in the 3rd quarter. Strategic Financial Planning Inc. now owns 43,495 shares of the company’s stock valued at $1,795,000 after buying an additional 3,838 shares during the period. Diversify Wealth Management LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 16.4% in the third quarter. Diversify Wealth Management LLC now owns 27,137 shares of the company’s stock worth $1,104,000 after buying an additional 3,818 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in SPDR Portfolio Emerging Markets ETF by 24.5% during the third quarter. First Trust Direct Indexing L.P. now owns 10,879 shares of the company’s stock worth $449,000 after acquiring an additional 2,142 shares during the period. Finally, Better Money Decisions LLC raised its position in SPDR Portfolio Emerging Markets ETF by 1.6% during the third quarter. Better Money Decisions LLC now owns 221,956 shares of the company’s stock valued at $9,162,000 after acquiring an additional 3,593 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.3 %

Shares of NYSEARCA SPEM traded down $0.12 during midday trading on Thursday, reaching $40.17. 18,401 shares of the stock were exchanged, compared to its average volume of 1,579,841. The firm has a 50-day simple moving average of $39.91 and a two-hundred day simple moving average of $38.43. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.23 and a twelve month high of $42.88. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

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.