Fragasso Financial Advisors Inc decreased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 20.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,228 shares of the company’s stock after selling 1,563 shares during the period. Fragasso Financial Advisors Inc’s holdings in SPDR Portfolio Emerging Markets ETF were worth $266,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SPEM. Knuff & Co LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $29,000. Brooklyn Investment Group acquired a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $32,000. Wayfinding Financial LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $36,000. Tsfg LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 267.4% during the 1st quarter. Tsfg LLC now owns 992 shares of the company’s stock worth $39,000 after purchasing an additional 722 shares during the period. Finally, Webster Bank N. A. purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $40,000.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of NYSEARCA SPEM opened at $46.64 on Wednesday. The stock’s 50-day moving average is $44.18 and its two-hundred day moving average is $41.64. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $46.68. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68.
SPDR Portfolio Emerging Markets ETF Company 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.
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