Cassaday & Co Wealth Management LLC Has $52.88 Million Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Cassaday & Co Wealth Management LLC reduced its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,127,168 shares of the company’s stock after selling 10,106 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises 1.1% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 16th largest holding. Cassaday & Co Wealth Management LLC owned 0.33% of SPDR Portfolio Emerging Markets ETF worth $52,875,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $26,000. Ascentis Independent Advisors bought a new position in SPDR Portfolio Emerging Markets ETF during the first quarter worth $27,000. Safe Harbor Fiduciary LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $32,000. Front Row Advisors LLC boosted its stake 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 worth $36,000 after acquiring an additional 460 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth $37,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock opened at $50.17 on Tuesday. The stock has a market capitalization of $16.98 billion, a PE ratio of 15.39 and a beta of 0.60. The company’s 50-day moving average is $51.66 and its 200-day moving average is $50.01. SPDR Portfolio Emerging Markets ETF has a 1 year low of $42.66 and a 1 year high of $53.54.

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.