SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Sold by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC decreased its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 50.8% during the 1st quarter, Holdings Channel reports. The firm owned 2,349 shares of the company’s stock after selling 2,427 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $85,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SPEM. Anchor Investment Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $28,000. American National Bank raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 179.0% during the 4th quarter. American National Bank now owns 809 shares of the company’s stock worth $29,000 after acquiring an additional 519 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $32,000. Tsfg LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at approximately $70,000. Finally, Fortitude Family Office LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $82,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM traded up $0.10 during midday trading on Friday, reaching $37.67. 1,943,359 shares of the company’s stock were exchanged, compared to its average volume of 1,666,769. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $32.06 and a fifty-two week high of $38.84. The firm’s 50 day simple moving average is $37.61 and its two-hundred day simple moving average is $36.12.

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.