Colton Groome Financial Advisors LLC Cuts Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Colton Groome Financial Advisors LLC decreased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 21.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,974 shares of the company’s stock after selling 17,306 shares during the period. Colton Groome Financial Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,243,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SPEM. Financial Gravity Asset Management Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 2,409.1% during the 3rd 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 period. Creative Planning lifted its holdings in SPDR Portfolio Emerging Markets ETF by 4.5% in the 3rd quarter. Creative Planning now owns 24,946,540 shares of the company’s stock worth $837,455,000 after buying an additional 1,075,145 shares during the period. Raymond James & Associates lifted its holdings in SPDR Portfolio Emerging Markets ETF by 450.4% in the 4th quarter. Raymond James & Associates now owns 1,018,197 shares of the company’s stock worth $36,054,000 after buying an additional 833,207 shares during the period. Wells Fargo & Company MN lifted its holdings in SPDR Portfolio Emerging Markets ETF by 38.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,491,923 shares of the company’s stock worth $88,239,000 after buying an additional 688,304 shares during the period. Finally, Heritage Wealth Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $16,842,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock traded up $0.07 on Monday, reaching $37.74. 1,506,272 shares of the company traded hands, compared to its average volume of 1,665,485. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $38.84. The company has a market cap of $8.96 billion, a P/E ratio of 13.05 and a beta of 0.81. The firm has a fifty day simple moving average of $37.65 and a 200-day simple moving average of $36.15.

SPDR Portfolio Emerging Markets ETF Company 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.