Ballentine Partners LLC Sells 9,121 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Ballentine Partners LLC lowered its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 531,792 shares of the company’s stock after selling 9,121 shares during the period. Ballentine Partners LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $20,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth $27,000. American National Bank lifted its position in SPDR Portfolio Emerging Markets ETF by 179.0% during the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after purchasing an additional 519 shares during the period. Frazier Financial Advisors LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $32,000. Lynx Investment Advisory bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $35,000. Finally, Strategic Financial Concepts LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 649.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after buying an additional 128,861 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Down 1.6 %

NYSEARCA SPEM traded down $0.62 during trading hours on Friday, hitting $37.42. The company’s stock had a trading volume of 979,585 shares, compared to its average volume of 1,579,567. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.06 and a twelve month high of $39.32. The firm has a market capitalization of $8.88 billion, a P/E ratio of 13.05 and a beta of 0.81. The stock has a fifty day moving average of $38.05 and a 200 day moving average of $37.29.

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.