Valley Financial Group Inc. Trims Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Valley Financial Group Inc. trimmed its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,512 shares of the company’s stock after selling 281 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for 0.4% of Valley Financial Group Inc.’s investment portfolio, making the stock its 29th biggest position. Valley Financial Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $634,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Advisory Resource Group lifted its stake in SPDR Portfolio Emerging Markets ETF by 5.4% during the third quarter. Advisory Resource Group now owns 60,213 shares of the company’s stock worth $2,486,000 after purchasing an additional 3,068 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 5.1% in the third quarter. SOA Wealth Advisors LLC. now owns 30,810 shares of the company’s stock worth $1,272,000 after buying an additional 1,486 shares during the period. World Investment Advisors LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 62.4% in the third quarter. World Investment Advisors LLC now owns 13,583 shares of the company’s stock worth $561,000 after purchasing an additional 5,217 shares during the period. Broadview Financial Management LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 24.4% during the 3rd quarter. Broadview Financial Management LLC now owns 27,003 shares of the company’s stock valued at $1,115,000 after acquiring an additional 5,299 shares during the period. Finally, Optimist Retirement Group LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 5.2% in the 3rd quarter. Optimist Retirement Group LLC now owns 152,816 shares of the company’s stock worth $6,308,000 after purchasing an additional 7,488 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $39.34 on Wednesday. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 13.71 and a beta of 0.56. The company’s 50-day moving average is $38.81 and its 200 day moving average is $39.24. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year 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.