Melone Private Wealth LLC Has $8.51 Million Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Melone Private Wealth LLC reduced its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 164,377 shares of the company’s stock after selling 24,613 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 2.6% of Melone Private Wealth LLC’s portfolio, making the stock its 14th largest holding. Melone Private Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $8,511,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $26,000. Ascentis Independent Advisors acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth $27,000. Safe Harbor Fiduciary LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $32,000. Robinswood Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the first quarter valued at $32,000. Finally, Front Row Advisors LLC boosted its position 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 valued at $36,000 after acquiring an additional 460 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $53.41 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $44.62 and a 1 year high of $53.54. The business’s 50-day moving average is $51.66 and its 200-day moving average is $50.66. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.

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.