Tortoise Investment Management LLC Sells 504 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Tortoise Investment Management LLC reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 219,919 shares of the company’s stock after selling 504 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 1.1% of Tortoise Investment Management LLC’s holdings, making the stock its 27th biggest holding. Tortoise Investment Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,787,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPEM. Financial Gravity Asset Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 2,409.1% during the third quarter. Financial Gravity Asset Management Inc. now owns 2,966,496 shares of the company’s stock valued at $99,585,000 after purchasing an additional 2,848,268 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $36,564,000. Creative Planning lifted its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the third quarter. Creative Planning now owns 24,946,540 shares of the company’s stock valued at $837,455,000 after purchasing an additional 1,075,145 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its position in SPDR Portfolio Emerging Markets ETF by 6.9% during the third quarter. Financial Engines Advisors L.L.C. now owns 15,957,265 shares of the company’s stock valued at $535,685,000 after purchasing an additional 1,034,877 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 450.4% during the fourth quarter. Raymond James & Associates now owns 1,018,197 shares of the company’s stock worth $36,054,000 after acquiring an additional 833,207 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 0.3 %

Shares of SPEM stock traded up $0.12 during trading hours on Friday, hitting $37.88. 3,303,958 shares of the company’s stock were exchanged, compared to its average volume of 1,698,986. The company has a market capitalization of $8.99 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $38.84. The business’s 50 day simple moving average is $37.22 and its 200-day simple moving average is $35.89.

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.