Tobias Financial Advisors Inc. Lowers Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Tobias Financial Advisors Inc. reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,837 shares of the company’s stock after selling 1,206 shares during the quarter. Tobias Financial Advisors Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,099,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth about $27,000. Lynx Investment Advisory purchased a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $35,000. Hershey Financial Advisers LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $49,000. Strategic Financial Concepts LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 649.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after buying an additional 128,861 shares in the last quarter. Finally, American National Bank increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 132.0% in the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPDR Portfolio Emerging Markets ETF stock opened at $40.98 on Wednesday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.48 and a fifty-two week high of $42.88. The firm’s fifty day moving average price is $40.06 and its 200-day moving average price is $38.60. The stock has a market cap of $9.73 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.