IFP Advisors Inc Has $2.79 Million Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

IFP Advisors Inc trimmed its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,612 shares of the company’s stock after selling 5,774 shares during the quarter. IFP Advisors Inc’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compass Planning Associates Inc acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $28,000. Archer Investment Corp acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth about $39,000. Strategic Wealth Investment Group LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $46,000. Blue Trust Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 474.2% in 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. Finally, McClarren Financial Advisors Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.3% in the fourth quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock worth $110,000 after buying an additional 316 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $39.79 on Wednesday. The stock has a market cap of $10.39 billion, a P/E ratio of 14.32 and a beta of 0.66. The firm has a 50 day simple moving average of $38.86 and a 200 day simple moving average of $39.43. SPDR Portfolio Emerging Markets ETF has a 52 week low of $35.00 and a 52 week 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.