Kensington Asset Management LLC decreased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 73.8% during the 1st quarter, Holdings Channel reports. The fund owned 62,270 shares of the company’s stock after selling 175,299 shares during the quarter. Kensington Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,921,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth $27,000. Safe Harbor Fiduciary LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $32,000. Front Row Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $37,000.
SPDR Portfolio Emerging Markets ETF Trading Up 0.8%
NYSEARCA:SPEM opened at $50.93 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $42.66 and a 1 year high of $53.54. The stock has a 50-day moving average price of $51.51 and a two-hundred day moving average price of $50.16. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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