Ehrlich Financial Group Lowers Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Ehrlich Financial Group reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 26.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 70,740 shares of the company’s stock after selling 25,104 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises approximately 1.9% of Ehrlich Financial Group’s holdings, making the stock its 12th biggest position. Ehrlich Financial Group’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,663,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPEM. First Command Advisory Services Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $26,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth about $27,000. Robinswood Financial LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the first quarter worth about $32,000. Safe Harbor Fiduciary LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $32,000. Finally, Front Row Advisors LLC raised its position in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after acquiring an additional 460 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 1.0%

Shares of SPEM stock opened at $52.42 on Friday. SPDR Portfolio Emerging Markets ETF has a twelve month low of $43.65 and a twelve month high of $53.54. The stock has a market cap of $17.74 billion, a P/E ratio of 15.39 and a beta of 0.60. The stock has a 50 day moving average of $51.47 and a 200 day moving average of $50.27.

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.