Boltwood Capital Management Trims Position in SPDR Portfolio Emerging Markets ETF $SPEM

Boltwood Capital Management decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 37.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 112,573 shares of the company’s stock after selling 67,133 shares during the period. SPDR Portfolio Emerging Markets ETF comprises approximately 1.3% of Boltwood Capital Management’s portfolio, making the stock its 20th largest position. Boltwood Capital Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,827,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SPEM. First Command Advisory Services Inc. bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $26,000. Ascentis Independent Advisors acquired a new position in SPDR Portfolio Emerging Markets ETF in the first quarter valued at about $27,000. Robinswood Financial LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth about $32,000. Manchester Capital Management LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 103.3% during the fourth quarter. Manchester Capital Management LLC now owns 1,053 shares of the company’s stock worth $49,000 after purchasing an additional 535 shares during the period. Finally, Brown Lisle Cummings Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $53,000.

SPDR Portfolio Emerging Markets ETF Stock Up 0.8%

Shares of SPEM traded up $0.41 on Friday, hitting $51.91. The company’s stock had a trading volume of 3,426,878 shares, compared to its average volume of 2,558,178. The firm’s fifty day moving average price is $52.12 and its 200-day moving average price is $51.09. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.

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.