SPDR Portfolio Emerging Markets ETF $SPEM Shares Sold by KFG Wealth Management LLC

KFG Wealth Management LLC cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 48.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 289,743 shares of the company’s stock after selling 272,840 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises 1.8% of KFG Wealth Management LLC’s portfolio, making the stock its 14th biggest position. KFG Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $13,592,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth $26,000. Safe Harbor Fiduciary LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at $32,000. Front Row Advisors LLC grew its position in SPDR Portfolio Emerging Markets ETF by 147.9% during the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after purchasing an additional 460 shares during the period. IFC & Insurance Marketing Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $37,000. Finally, Signaturefd LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $40,000.

SPDR Portfolio Emerging Markets ETF Stock Down 0.7%

Shares of SPEM stock opened at $51.17 on Thursday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $42.24 and a 52-week high of $53.54. The stock has a market cap of $17.54 billion, a PE ratio of 15.39 and a beta of 0.60. The business has a 50-day simple moving average of $51.67 and a 200-day simple moving average of $49.45.

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.