SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Position Trimmed by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,489 shares of the company’s stock after selling 778 shares during the period. Fragasso Financial Advisors Inc’s holdings in SPDR Portfolio Emerging Markets ETF were worth $556,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Archer Investment Corp acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $49,000. McClarren Financial Advisors Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 583.2% during the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after acquiring an additional 2,193 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at approximately $121,000. Finally, JGP Wealth Management LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $204,000.

SPDR Portfolio Emerging Markets ETF Trading Down 0.7 %

Shares of SPEM stock opened at $37.07 on Tuesday. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1-year low of $33.52 and a 1-year high of $42.88. The stock’s fifty day simple moving average is $39.33 and its 200-day simple moving average is $39.18.

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.