Cobblestone Asset Management LLC Decreases Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cobblestone Asset Management LLC lowered its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 40.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,655 shares of the company’s stock after selling 34,114 shares during the period. SPDR Portfolio Emerging Markets ETF comprises 1.2% of Cobblestone Asset Management LLC’s portfolio, making the stock its 18th largest holding. Cobblestone Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock valued at $188,164,000 after purchasing an additional 323,995 shares in the last quarter. US Bancorp DE lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 40.9% in the first quarter. US Bancorp DE now owns 13,995 shares of the company’s stock valued at $506,000 after purchasing an additional 4,063 shares in the last quarter. Forbes Financial Planning Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 104.7% in the second quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock valued at $2,531,000 after purchasing an additional 34,371 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 9.1% in the second quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock valued at $8,961,000 after purchasing an additional 19,939 shares in the last quarter. Finally, Second Line Capital LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.5% in the second quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock valued at $7,683,000 after purchasing an additional 8,783 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $41.25 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $42.88. The company has a market capitalization of $9.79 billion, a PE ratio of 13.05 and a beta of 0.81. The firm’s 50-day moving average is $39.52 and its two-hundred day moving average is $38.19.

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.