Farther Finance Advisors LLC Sells 43,423 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Farther Finance Advisors LLC lessened its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 69.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,505 shares of the company’s stock after selling 43,423 shares during the period. Farther Finance Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPEM. Vicus Capital raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.6% in the fourth quarter. Vicus Capital now owns 11,981 shares of the company’s stock worth $460,000 after buying an additional 299 shares during the period. Occidental Asset Management LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 0.7% during the 4th quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after acquiring an additional 312 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 12.3% during the fourth quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock valued at $110,000 after purchasing an additional 316 shares in the last quarter. Iams Wealth Management LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the fourth quarter. Iams Wealth Management LLC now owns 29,858 shares of the company’s stock worth $1,146,000 after purchasing an additional 330 shares during the period. Finally, Alliance Wealth Advisors LLC UT increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.8% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 18,744 shares of the company’s stock worth $719,000 after purchasing an additional 330 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $40.08 on Friday. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one year high of $42.88. The company’s fifty day moving average price is $39.04 and its 200-day moving average price is $39.53. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67.

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.