Ballentine Partners LLC Trims Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Ballentine Partners LLC lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 522,636 shares of the company’s stock after selling 9,156 shares during the period. Ballentine Partners LLC owned 0.22% of SPDR Portfolio Emerging Markets ETF worth $21,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPEM. Rothschild Investment LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter worth about $27,000. Lynx Investment Advisory bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $35,000. Hershey Financial Advisers LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth $49,000. Strategic Financial Concepts LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 649.3% in the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after purchasing an additional 128,861 shares in the last quarter. Finally, American National Bank raised its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% in the second quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.2 %

Shares of SPEM stock opened at $40.60 on Friday. The company’s fifty day moving average price is $39.76 and its 200-day moving average price is $38.31. The stock has a market cap of $9.64 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.16 and a 12 month high of $42.88.

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.