Forbes Financial Planning Inc. Sells 36,490 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Forbes Financial Planning Inc. cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 80.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,132 shares of the company’s stock after selling 36,490 shares during the period. SPDR Portfolio Emerging Markets ETF makes up approximately 0.2% of Forbes Financial Planning Inc.’s investment portfolio, making the stock its 29th largest holding. Forbes Financial Planning Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in SPDR Portfolio Emerging Markets ETF by 38.5% during the third quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock worth $433,528,000 after acquiring an additional 2,572,333 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 7.1% during the third quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock worth $325,188,000 after acquiring an additional 462,591 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after acquiring an additional 279,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 3.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,503,688 shares of the company’s stock worth $164,008,000 after acquiring an additional 123,404 shares in the last quarter. Finally, 3EDGE Asset Management LP lifted its holdings in SPDR Portfolio Emerging Markets ETF by 1.7% during the third quarter. 3EDGE Asset Management LP now owns 3,235,624 shares of the company’s stock worth $151,402,000 after acquiring an additional 53,100 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 1.4%

SPEM stock opened at $50.38 on Wednesday. The business’s 50-day moving average price is $48.54 and its two-hundred day moving average price is $47.88. The firm has a market cap of $17.27 billion, a PE ratio of 15.39 and a beta of 0.57. SPDR Portfolio Emerging Markets ETF has a 1-year low of $37.26 and a 1-year high of $51.35.

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.