Breakwater Investment Management Decreases Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Breakwater Investment Management lowered its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,883 shares of the company’s stock after selling 470 shares during the quarter. Breakwater Investment Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SPEM. Benjamin F. Edwards & Company Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 2.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 16,856 shares of the company’s stock valued at $635,000 after buying an additional 435 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 17.2% during the second quarter. AE Wealth Management LLC now owns 90,117 shares of the company’s stock valued at $3,395,000 after acquiring an additional 13,207 shares during the last quarter. Thrivent Financial for Lutherans increased its position in SPDR Portfolio Emerging Markets ETF by 71.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 920,076 shares of the company’s stock worth $34,659,000 after purchasing an additional 383,320 shares in the last quarter. Bank of Montreal Can raised its stake in SPDR Portfolio Emerging Markets ETF by 56.4% in the 2nd quarter. Bank of Montreal Can now owns 9,734 shares of the company’s stock valued at $367,000 after purchasing an additional 3,510 shares during the last quarter. Finally, Daymark Wealth Partners LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $5,271,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $38.26 on Tuesday. The firm’s 50-day moving average is $39.05 and its two-hundred day moving average is $39.18. The stock has a market capitalization of $9.08 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12-month low of $33.72 and a 12-month high of $42.88.

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.