SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lowered its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 33.9% in the fourth quarter, Holdings Channel reports. The firm owned 130,603 shares of the company’s stock after selling 66,853 shares during the quarter. IHT Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brooklyn FI LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6,305.1% during the fourth quarter. Brooklyn FI LLC now owns 6,194,793 shares of the company’s stock worth $249,018,000 after buying an additional 6,098,077 shares during the period. Raymond James Financial Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at approximately $76,342,000. BlueStem Wealth Partners LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $38,051,000. Bank of New York Mellon Corp grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 37.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after purchasing an additional 740,980 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,899,908 shares of the company’s stock valued at $226,379,000 after purchasing an additional 634,469 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $37.74 on Tuesday. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 13.71 and a beta of 0.56. The firm’s fifty day moving average price is $38.94 and its 200 day moving average price is $39.33. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $42.88.

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.