Modera Wealth Management LLC Sells 21,979 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Modera Wealth Management LLC cut its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 46.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,586 shares of the company’s stock after selling 21,979 shares during the period. Modera Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,200,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Midwest Capital Advisors LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 33.3% in the 4th quarter. Midwest Capital Advisors LLC now owns 407,988 shares of the company’s stock valued at $19,098,000 after purchasing an additional 101,817 shares during the period. Brooklyn FI LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 19.9% during the 4th quarter. Brooklyn FI LLC now owns 144,230 shares of the company’s stock worth $6,751,000 after buying an additional 23,983 shares during the period. Lunt Capital Management Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $569,000. Forefront Wealth Partners LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 28.8% in the fourth quarter. Forefront Wealth Partners LLC now owns 52,564 shares of the company’s stock valued at $2,461,000 after buying an additional 11,756 shares in the last quarter. Finally, McNamara Financial Services Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 1.6% in the fourth quarter. McNamara Financial Services Inc. now owns 869,793 shares of the company’s stock valued at $40,715,000 after buying an additional 13,566 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $50.19 on Monday. The company has a 50 day moving average of $51.71 and a 200-day moving average of $49.99. SPDR Portfolio Emerging Markets ETF has a twelve month low of $42.66 and a twelve month high of $53.54. The stock has a market capitalization of $16.99 billion, a PE ratio of 15.39 and a beta of 0.60.

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.