Meeder Advisory Services Inc. Sells 12,050 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Meeder Advisory Services Inc. reduced its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 613,979 shares of the company’s stock after selling 12,050 shares during the period. SPDR Portfolio Emerging Markets ETF makes up about 1.6% of Meeder Advisory Services Inc.’s investment portfolio, making the stock its 12th biggest holding. Meeder Advisory Services Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $25,345,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in SPEM. Cetera Investment Advisers increased its holdings in SPDR Portfolio Emerging Markets ETF by 282.1% in the first quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock worth $49,962,000 after purchasing an additional 1,019,272 shares in the last quarter. Koss Olinger Consulting LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth approximately $30,376,000. Jane Street Group LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 44.4% in the first quarter. Jane Street Group LLC now owns 2,431,196 shares of the company’s stock worth $87,985,000 after purchasing an additional 747,277 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 83.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock worth $59,488,000 after purchasing an additional 719,833 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth approximately $16,671,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $39.01 on Monday. The company has a market cap of $9.26 billion, a P/E ratio of 13.05 and a beta of 0.81. The stock has a 50 day simple moving average of $40.35 and a two-hundred day simple moving average of $38.80. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.52 and a fifty-two week high of $42.88.

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.