Saxony Capital Management LLC trimmed its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 15,593 shares of the company’s stock after selling 246 shares during the period. Saxony Capital Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in SPEM. Rothschild Investment LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $27,000. Lynx Investment Advisory purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth about $35,000. Hershey Financial Advisers LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth about $49,000. Strategic Financial Concepts LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 649.3% in 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. Finally, American National Bank grew its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% during the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Performance
NYSEARCA:SPEM opened at $40.96 on Wednesday. The company’s 50-day simple moving average is $39.65 and its 200-day simple moving average is $38.28. The stock has a market capitalization of $9.72 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $32.06 and a fifty-two week high of $42.88.
About SPDR Portfolio Emerging Markets ETF
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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