Melone Private Wealth LLC Sells 24,613 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Melone Private Wealth LLC cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 13.0% in the 2nd quarter, Holdings Channel.com reports. 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 3.2% of Melone Private Wealth LLC’s portfolio, making the stock its 13th largest position. 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Paces Ferry Wealth Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 4.1% during the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares in the last quarter. Trinity Wealth Management LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 0.9% in the 1st quarter. Trinity Wealth Management LLC now owns 21,496 shares of the company’s stock worth $1,008,000 after purchasing an additional 201 shares during the period. Kelman Lazarov Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 3.3% during the 1st quarter. Kelman Lazarov Inc. now owns 6,272 shares of the company’s stock valued at $294,000 after buying an additional 203 shares in the last quarter. Mascagni Wealth Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 4.8% during the 4th quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock valued at $211,000 after buying an additional 207 shares in the last quarter. Finally, River Street Advisors LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock valued at $567,000 after buying an additional 209 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $52.42 on Monday. SPDR Portfolio Emerging Markets ETF has a twelve month low of $43.65 and a twelve month high of $53.54. The stock has a market cap of $17.74 billion, a PE ratio of 15.39 and a beta of 0.60. The business’s 50-day moving average price is $51.47 and its 200-day moving average price is $50.28.

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.