Diversify Wealth Management LLC Reduces Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Diversify Wealth Management LLC reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 27.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,691 shares of the company’s stock after selling 7,446 shares during the quarter. Diversify Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPEM. State Street Corp raised 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 buying an additional 591,019 shares in the last quarter. LPL Financial LLC grew 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 worth $398,116,000 after acquiring an additional 476,292 shares during the period. Thrivent Financial for Lutherans raised 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 acquiring an additional 383,320 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $13,246,000. Finally, Magnolia Capital Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $10,530,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.9 %

SPEM opened at $38.59 on Wednesday. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The stock has a fifty day simple moving average of $39.05 and a two-hundred day simple moving average of $39.18. SPDR Portfolio Emerging Markets ETF has a 12-month low of $33.78 and a 12-month high of $42.88.

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.