Kensington Asset Management LLC Has $2.92 Million Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Kensington Asset Management LLC lessened its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 73.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,270 shares of the company’s stock after selling 175,299 shares during the quarter. Kensington Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,921,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Midwest Capital Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 33.3% in the fourth quarter. Midwest Capital Advisors LLC now owns 407,988 shares of the company’s stock valued at $19,098,000 after buying an additional 101,817 shares during the period. Brooklyn FI LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 19.9% in the fourth quarter. Brooklyn FI LLC now owns 144,230 shares of the company’s stock valued at $6,751,000 after acquiring an additional 23,983 shares during the last quarter. Lunt Capital Management Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $569,000. McNamara Financial Services Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.6% during the 4th quarter. McNamara Financial Services Inc. now owns 869,793 shares of the company’s stock worth $40,715,000 after acquiring an additional 13,566 shares during the period. Finally, Forefront Wealth Partners LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 28.8% during the 4th quarter. Forefront Wealth Partners LLC now owns 52,564 shares of the company’s stock worth $2,461,000 after acquiring an additional 11,756 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $50.93 on Friday. The firm has a fifty day moving average of $51.51 and a two-hundred day moving average of $50.16. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 52 week low of $42.66 and a 52 week high of $53.54.

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.