Forbes J M & Co. LLP Cuts Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Forbes J M & Co. LLP reduced its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,425 shares of the company’s stock after selling 3,261 shares during the quarter. Forbes J M & Co. LLP’s holdings in SPDR Portfolio Emerging Markets ETF were worth $10,874,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $27,000. Lynx Investment Advisory acquired a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $35,000. Hershey Financial Advisers LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $49,000. Strategic Financial Concepts LLC grew its holdings in shares of 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 buying an additional 128,861 shares in the last quarter. Finally, American National Bank raised its position in shares of 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 valued at $68,000 after buying an additional 1,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.4 %

Shares of SPDR Portfolio Emerging Markets ETF stock traded up $0.16 on Monday, hitting $40.76. 144,002 shares of the company were exchanged, compared to its average volume of 1,586,624. SPDR Portfolio Emerging Markets ETF has a 1-year low of $32.23 and a 1-year high of $42.88. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The company has a 50-day moving average price of $39.80 and a 200 day moving average price of $38.35.

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.