Miracle Mile Advisors LLC Reduces Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Miracle Mile Advisors LLC reduced its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 80.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,182 shares of the company’s stock after selling 129,795 shares during the period. Miracle Mile Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,506,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $289,000. AQR Capital Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 80.2% during the first quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock valued at $1,236,000 after purchasing an additional 13,972 shares during the period. NewEdge Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF by 2.4% in the first quarter. NewEdge Advisors LLC now owns 730,558 shares of the company’s stock worth $28,762,000 after buying an additional 17,318 shares in the last quarter. National Wealth Management Group LLC increased its position in SPDR Portfolio Emerging Markets ETF by 22.6% in the first quarter. National Wealth Management Group LLC now owns 9,104 shares of the company’s stock worth $358,000 after buying an additional 1,677 shares in the last quarter. Finally, Financial Strategies Group Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.9% in the first quarter. Financial Strategies Group Inc. now owns 566,590 shares of the company’s stock worth $21,411,000 after buying an additional 4,963 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 2.1%

SPEM stock opened at $47.79 on Friday. The business’s 50-day moving average price is $47.06 and its 200-day moving average price is $45.52. The stock has a market cap of $14.75 billion, a P/E ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a twelve month low of $34.38 and a twelve month high of $48.56.

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.