Balboa Wealth Partners Trims Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Balboa Wealth Partners cut its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 38.7% in the 2nd quarter, Holdings Channel reports. The fund owned 20,363 shares of the company’s stock after selling 12,848 shares during the quarter. Balboa Wealth Partners’ holdings in SPDR Portfolio Emerging Markets ETF were worth $870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vestia Personal Wealth Advisors raised its stake in SPDR Portfolio Emerging Markets ETF by 3.1% during the 2nd quarter. Vestia Personal Wealth Advisors now owns 7,806 shares of the company’s stock valued at $334,000 after acquiring an additional 236 shares during the last quarter. Apollon Wealth Management LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 1.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 16,893 shares of the company’s stock valued at $722,000 after acquiring an additional 244 shares during the last quarter. Vawter Financial Ltd. raised its stake in SPDR Portfolio Emerging Markets ETF by 3.6% during the 1st quarter. Vawter Financial Ltd. now owns 7,412 shares of the company’s stock valued at $292,000 after acquiring an additional 255 shares during the last quarter. Focus Financial Network Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 3.8% during the 2nd quarter. Focus Financial Network Inc. now owns 7,195 shares of the company’s stock valued at $307,000 after acquiring an additional 263 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 0.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 31,409 shares of the company’s stock valued at $1,228,000 after acquiring an additional 268 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.1%

SPEM opened at $47.05 on Monday. The business has a 50 day moving average price of $45.75 and a two-hundred day moving average price of $42.80. The company has a market cap of $14.47 billion, a PE ratio of 15.39 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $47.67.

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.