KWB Wealth Reduces Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

KWB Wealth reduced its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,181 shares of the company’s stock after selling 385,010 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for about 2.3% of KWB Wealth’s holdings, making the stock its 10th biggest position. KWB Wealth owned approximately 0.16% of SPDR Portfolio Emerging Markets ETF worth $23,928,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its position in SPDR Portfolio Emerging Markets ETF by 3.3% in the 3rd quarter. CWM LLC now owns 2,263,731 shares of the company’s stock valued at $105,965,000 after buying an additional 73,219 shares during the last quarter. BlueStem Wealth Partners LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 6.7% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 1,049,706 shares of the company’s stock valued at $49,137,000 after acquiring an additional 65,492 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 45.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock worth $2,741,000 after acquiring an additional 18,303 shares during the last quarter. Cerity Partners LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% during the 3rd quarter. Cerity Partners LLC now owns 2,688,945 shares of the company’s stock worth $125,869,000 after acquiring an additional 18,041 shares during the last quarter. Finally, Axos Invest Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth about $1,471,000.

SPDR Portfolio Emerging Markets ETF Stock Up 2.1%

SPEM stock opened at $46.62 on Tuesday. The firm has a market cap of $15.57 billion, a PE ratio of 15.39 and a beta of 0.56. The business has a 50 day moving average of $49.12 and a 200-day moving average of $47.74. SPDR Portfolio Emerging Markets ETF has a 12-month low of $34.38 and a 12-month high of $51.35.

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.