Northeast Financial Group Inc. decreased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 3.4% during the third quarter, HoldingsChannel reports. The firm owned 25,274 shares of the company’s stock after selling 880 shares during the quarter. Northeast Financial Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,043,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Rothschild Investment LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth about $27,000. Lynx Investment Advisory bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth about $35,000. Archer Investment Corp bought a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $39,000. Hershey Financial Advisers LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth about $49,000. Finally, Strategic Financial Concepts LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 649.3% during the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after acquiring an additional 128,861 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Price Performance
NYSEARCA:SPEM opened at $39.01 on Friday. The company’s 50-day simple moving average is $40.32 and its 200 day simple moving average is $38.76. The firm has a market capitalization of $9.26 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a one year low of $33.52 and a one year high of $42.88.
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.
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