NewEdge Advisors LLC Lowers Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

NewEdge Advisors LLC decreased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 75.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 163,345 shares of the company’s stock after selling 494,664 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,663,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 20.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock valued at $743,082,000 after purchasing an additional 2,653,013 shares in the last quarter. LPL Financial LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock worth $729,630,000 after buying an additional 1,758,866 shares during the last quarter. HighTower Advisors LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 51.5% during the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock worth $122,933,000 after buying an additional 893,023 shares during the last quarter. State Street Corp increased its position in SPDR Portfolio Emerging Markets ETF by 23.1% during the 4th quarter. State Street Corp now owns 4,419,838 shares of the company’s stock valued at $206,893,000 after buying an additional 830,465 shares in the last quarter. Finally, Bank of America Corp DE increased its position in SPDR Portfolio Emerging Markets ETF by 54.2% during the 3rd quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock valued at $107,703,000 after buying an additional 809,020 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPDR Portfolio Emerging Markets ETF stock opened at $50.54 on Friday. SPDR Portfolio Emerging Markets ETF has a one year low of $42.66 and a one year high of $53.54. The stock has a market cap of $17.11 billion, a PE ratio of 15.39 and a beta of 0.60. The stock has a 50-day moving average of $51.52 and a two-hundred day moving average of $50.16.

About SPDR Portfolio Emerging Markets ETF

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.