Financial Enhancement Group LLC Has $5.29 Million Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Enhancement Group LLC decreased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 128,206 shares of the company’s stock after selling 5,222 shares during the period. Financial Enhancement Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPEM. Rothschild Investment LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $27,000. Lynx Investment Advisory bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth about $35,000. Hershey Financial Advisers LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth about $49,000. Strategic Financial Concepts LLC raised its holdings 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 acquiring an additional 128,861 shares during the last quarter. Finally, American National Bank lifted its position in SPDR Portfolio Emerging Markets ETF by 132.0% in the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after acquiring an additional 1,020 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $40.62 on Thursday. The firm has a market capitalization of $9.64 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 52 week low of $33.48 and a 52 week high of $42.88. The stock has a 50 day moving average price of $40.11 and a two-hundred day moving average price of $38.61.

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.