Simplicity Solutions LLC Lowers Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Simplicity Solutions LLC cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,912 shares of the company’s stock after selling 4,843 shares during the quarter. Simplicity Solutions LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. ORG Partners LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 436.6% during the fourth quarter. ORG Partners LLC now owns 6,311 shares of the company’s stock valued at $224,000 after acquiring an additional 5,135 shares during the period. Curtis Advisory Group LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $547,000. Tennessee Valley Asset Management Partners bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $287,000. Meitav Investment House Ltd. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.5% in the fourth quarter. Meitav Investment House Ltd. now owns 54,572 shares of the company’s stock worth $1,931,000 after buying an additional 800 shares in the last quarter. Finally, McNamara Financial Services Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.0% in the fourth quarter. McNamara Financial Services Inc. now owns 1,394,525 shares of the company’s stock worth $49,380,000 after buying an additional 13,566 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 1.3 %

NYSEARCA:SPEM opened at $35.29 on Wednesday. The company has a market capitalization of $8.38 billion, a P/E ratio of 12.11 and a beta of 0.78. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.06 and a 12 month high of $37.06. The business’s 50-day moving average is $35.85 and its 200 day moving average is $34.76.

SPDR Portfolio Emerging Markets ETF 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.