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

Mascoma Wealth Management LLC lowered its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,952 shares of the company’s stock after selling 1,603 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises about 1.0% of Mascoma Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Mascoma Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,989,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPEM. Compass Planning Associates Inc acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $28,000. Archer Investment Corp acquired a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $39,000. Strategic Wealth Investment Group LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $46,000. Rialto Wealth Management LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $60,000. Finally, SBI Securities Co. Ltd. acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $64,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $39.50 on Thursday. The firm’s 50-day moving average is $38.98 and its two-hundred day moving average is $39.52. SPDR Portfolio Emerging Markets ETF has a 12 month low of $35.00 and a 12 month high of $42.88. The stock has a market capitalization of $10.44 billion, a P/E ratio of 14.80 and a beta of 0.67.

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.