Red Wave Investments LLC Reduces Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Red Wave Investments LLC lessened its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,206 shares of the company’s stock after selling 8,281 shares during the period. SPDR Portfolio Emerging Markets ETF makes up approximately 1.7% of Red Wave Investments LLC’s holdings, making the stock its 19th largest position. Red Wave Investments LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vicus Capital boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.6% in the fourth quarter. Vicus Capital now owns 11,981 shares of the company’s stock worth $460,000 after buying an additional 299 shares during the last quarter. Occidental Asset Management LLC raised its position in SPDR Portfolio Emerging Markets ETF by 0.7% in the fourth quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after acquiring an additional 312 shares during the period. McClarren Financial Advisors Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 12.3% during the 4th quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock worth $110,000 after acquiring an additional 316 shares during the last quarter. Iams Wealth Management LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the 4th quarter. Iams Wealth Management LLC now owns 29,858 shares of the company’s stock valued at $1,146,000 after acquiring an additional 330 shares during the period. Finally, Alliance Wealth Advisors LLC UT increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.8% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 18,744 shares of the company’s stock worth $719,000 after purchasing an additional 330 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $40.35 on Friday. The stock’s fifty day moving average is $38.86 and its 200 day moving average is $39.34. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one year high of $42.88. The stock has a market cap of $9.58 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.