SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Sold by Redwood Financial Network Corp

Redwood Financial Network Corp cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 23.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,816 shares of the company’s stock after selling 3,901 shares during the quarter. Redwood Financial Network Corp’s holdings in SPDR Portfolio Emerging Markets ETF were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPEM. CFS Investment Advisory Services LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the fourth quarter. CFS Investment Advisory Services LLC now owns 103,296 shares of the company’s stock worth $3,658,000 after purchasing an additional 4,447 shares during the last quarter. Savvy Advisors Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $597,000. Valley Financial Group Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $4,849,000. Clear Rock Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $503,000. Finally, BayBridge Capital Group LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $2,104,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.8 %

Shares of SPEM stock opened at $37.72 on Tuesday. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.06 and a twelve month high of $39.32. The stock has a 50 day moving average of $38.05 and a 200 day moving average of $37.31. The stock has a market cap of $8.95 billion, a P/E 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.