HBW Advisory Services LLC Sells 2,573 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

HBW Advisory Services LLC trimmed its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,362 shares of the company’s stock after selling 2,573 shares during the quarter. HBW Advisory Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in SPDR Portfolio Emerging Markets ETF by 10.4% in the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after purchasing an additional 591,019 shares during the period. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.2% during the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after buying an additional 476,292 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of SPDR Portfolio Emerging Markets ETF by 71.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 920,076 shares of the company’s stock worth $34,659,000 after buying an additional 383,320 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after acquiring an additional 323,995 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $13,246,000.

SPDR Portfolio Emerging Markets ETF Trading Down 1.7 %

SPEM traded down $0.66 during midday trading on Friday, reaching $37.38. The company’s stock had a trading volume of 1,131,193 shares, compared to its average volume of 1,824,210. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.52 and a 1 year high of $42.88. The stock’s 50-day moving average is $39.45 and its 200-day moving average is $39.16. The firm has a market capitalization of $8.87 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.