Peterson Wealth Advisors LLC Cuts Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Peterson Wealth Advisors LLC cut its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 29.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 47,435 shares of the company’s stock after selling 19,651 shares during the period. Peterson Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% in the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. First Horizon Corp acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $29,000. Front Row Advisors LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 147.9% in the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after buying an additional 460 shares in the last quarter. Stone House Investment Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $40,000. Finally, Blue Trust Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 539.1% in the 3rd quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock valued at $57,000 after buying an additional 1,035 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 2.1%

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

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.