Midwest Financial Network LLC Sells 26,432 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Midwest Financial Network LLC lessened its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 26.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,015 shares of the company’s stock after selling 26,432 shares during the period. SPDR Portfolio Emerging Markets ETF comprises 2.7% of Midwest Financial Network LLC’s portfolio, making the stock its 12th biggest holding. Midwest Financial Network LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,378,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 33.3% in the fourth quarter. Midwest Capital Advisors LLC now owns 407,988 shares of the company’s stock valued at $19,098,000 after purchasing an additional 101,817 shares in the last quarter. Brooklyn FI LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 19.9% in the fourth quarter. Brooklyn FI LLC now owns 144,230 shares of the company’s stock worth $6,751,000 after purchasing an additional 23,983 shares during the period. Lunt Capital Management Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $569,000. McNamara Financial Services Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.6% during the fourth quarter. McNamara Financial Services Inc. now owns 869,793 shares of the company’s stock worth $40,715,000 after buying an additional 13,566 shares in the last quarter. Finally, Forefront Wealth Partners LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 28.8% in the 4th quarter. Forefront Wealth Partners LLC now owns 52,564 shares of the company’s stock valued at $2,461,000 after buying an additional 11,756 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $50.93 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $42.66 and a 52-week high of $53.54. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The firm has a fifty day moving average of $51.51 and a 200-day moving average of $50.16.

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.