Colton Groome Financial Advisors LLC Sells 17,306 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Colton Groome Financial Advisors LLC decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 21.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,974 shares of the company’s stock after selling 17,306 shares during the period. Colton Groome Financial Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,243,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 2.4% during the third quarter. Citigroup Inc. now owns 19,027 shares of the company’s stock worth $639,000 after buying an additional 445 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 393.5% during the third quarter. Axxcess Wealth Management LLC now owns 385,085 shares of the company’s stock worth $12,927,000 after buying an additional 307,060 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 6.9% during the third quarter. Ameriprise Financial Inc. now owns 4,642,270 shares of the company’s stock worth $155,882,000 after buying an additional 299,484 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 23.2% during the third quarter. Evergreen Capital Management LLC now owns 12,562 shares of the company’s stock worth $422,000 after buying an additional 2,366 shares during the last quarter. Finally, Knightsbridge Asset Management LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 35.9% during the third quarter. Knightsbridge Asset Management LLC now owns 304,992 shares of the company’s stock worth $10,239,000 after buying an additional 80,648 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM traded up $0.07 during midday trading on Monday, reaching $37.74. 1,506,272 shares of the company were exchanged, compared to its average volume of 1,665,485. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $38.84. The stock has a market capitalization of $8.96 billion, a P/E ratio of 13.05 and a beta of 0.81. The stock’s 50-day simple moving average is $37.65 and its 200 day simple moving average is $36.15.

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.