HBW Advisory Services LLC Cuts Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

HBW Advisory Services LLC lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 68,362 shares of the company’s stock after selling 2,573 shares during the quarter. HBW Advisory Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,623,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Hofer & Associates. Inc lifted its position in SPDR Portfolio Emerging Markets ETF by 1.2% during the third quarter. Hofer & Associates. Inc now owns 27,976 shares of the company’s stock valued at $1,155,000 after purchasing an additional 332 shares during the period. Boston Mountain Money Management Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.5% during the 3rd quarter. Boston Mountain Money Management Inc. now owns 79,282 shares of the company’s stock valued at $3,273,000 after buying an additional 376 shares during the period. Probity Advisors Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.3% in the 3rd quarter. Probity Advisors Inc. now owns 129,860 shares of the company’s stock worth $5,361,000 after buying an additional 380 shares during the last quarter. Landmark Wealth Management LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.3% in the third quarter. Landmark Wealth Management LLC now owns 7,704 shares of the company’s stock worth $318,000 after acquiring an additional 391 shares during the period. Finally, Peterson Wealth Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF by 1.1% during the third quarter. Peterson Wealth Advisors LLC now owns 37,090 shares of the company’s stock valued at $1,531,000 after acquiring an additional 403 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM traded down $0.66 during midday trading on Friday, hitting $37.38. 1,131,193 shares of the company’s stock traded hands, compared to its average volume of 1,824,210. The firm has a fifty day moving average of $39.45 and a 200 day moving average of $39.16. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.52 and a 1 year high of $42.88. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

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.