Paladin Advisory Group LLC Trims Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Paladin Advisory Group LLC cut its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,677 shares of the company’s stock after selling 275 shares during the period. Paladin Advisory Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPEM. Archer Investment Corp bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at approximately $39,000. Strategic Wealth Investment Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $46,000. Blue Trust Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 474.2% during the fourth quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after buying an additional 1,878 shares during the period. McClarren Financial Advisors Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 583.2% during the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after acquiring an additional 2,193 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at $121,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.3 %

SPEM stock opened at $38.63 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 12 month low of $33.94 and a 12 month high of $42.88. The stock has a market cap of $9.17 billion, a PE ratio of 13.05 and a beta of 0.81. The company has a 50-day moving average price of $38.97 and a 200 day moving average price of $39.17.

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.