Congress Wealth Management LLC DE lessened its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,019 shares of the company’s stock after selling 3,928 shares during the period. Congress Wealth Management LLC DE’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,987,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $27,000. Compass Planning Associates Inc bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $28,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $46,000. Rialto Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $60,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $64,000.
SPDR Portfolio Emerging Markets ETF Stock Performance
NYSEARCA SPEM opened at $40.08 on Wednesday. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67. The business has a 50 day simple moving average of $39.38 and a 200 day simple moving average of $39.65. SPDR Portfolio Emerging Markets ETF has a 52-week low of $35.00 and a 52-week high of $42.88.
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.
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