Penobscot Wealth Management Reduces Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Penobscot Wealth Management cut its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,995 shares of the company’s stock after selling 5,301 shares during the quarter. Penobscot Wealth Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $496,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Creative Planning lifted its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the third quarter. Creative Planning now owns 24,946,540 shares of the company’s stock valued at $837,455,000 after purchasing an additional 1,075,145 shares during the period. Financial Engines Advisors L.L.C. lifted its position in SPDR Portfolio Emerging Markets ETF by 6.9% during the third quarter. Financial Engines Advisors L.L.C. now owns 15,957,265 shares of the company’s stock valued at $535,685,000 after purchasing an additional 1,034,877 shares during the period. LPL Financial LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 2.5% during the third quarter. LPL Financial LLC now owns 9,186,124 shares of the company’s stock valued at $308,378,000 after purchasing an additional 223,449 shares during the period. Allworth Financial LP lifted its position in SPDR Portfolio Emerging Markets ETF by 2.5% during the fourth quarter. Allworth Financial LP now owns 5,948,847 shares of the company’s stock valued at $210,649,000 after purchasing an additional 144,613 shares during the period. Finally, TIAA Trust National Association lifted its position in SPDR Portfolio Emerging Markets ETF by 8.1% during the fourth quarter. TIAA Trust National Association now owns 5,107,031 shares of the company’s stock valued at $180,840,000 after purchasing an additional 382,150 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.4 %

Shares of SPDR Portfolio Emerging Markets ETF stock traded up $0.13 during trading hours on Thursday, reaching $36.17. The stock had a trading volume of 1,217,182 shares, compared to its average volume of 1,924,311. The stock’s 50 day moving average is $35.95 and its 200 day moving average is $34.86. The firm has a market capitalization of $8.59 billion, a PE ratio of 12.11 and a beta of 0.78. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.06 and a twelve month high of $37.06.

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.