Lane & Associates LLC Decreases Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Lane & Associates LLC cut its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 34.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,001 shares of the company’s stock after selling 4,771 shares during the quarter. Lane & Associates LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPEM. Rothschild Investment LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $27,000. Lynx Investment Advisory purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $35,000. Archer Investment Corp purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth $49,000. Finally, Strategic Financial Concepts LLC increased its stake in shares of 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 purchasing an additional 128,861 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $39.29 on Friday. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a one year low of $33.52 and a one year high of $42.88. The business has a fifty day moving average price of $40.49 and a 200-day moving average price of $38.85.

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.