Paladin Advisory Group LLC Sells 25,681 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Paladin Advisory Group LLC trimmed its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 60.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,115 shares of the company’s stock after selling 25,681 shares during the period. Paladin Advisory Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Resonant Capital Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 4.6% during the 4th quarter. Resonant Capital Advisors LLC now owns 53,162 shares of the company’s stock valued at $1,882,000 after purchasing an additional 2,341 shares during the period. Cutler Investment Counsel LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 3.2% during the fourth quarter. Cutler Investment Counsel LLC now owns 643,001 shares of the company’s stock valued at $22,769,000 after buying an additional 19,982 shares during the last quarter. Opes Wealth Management LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.6% in the fourth quarter. Opes Wealth Management LLC now owns 242,876 shares of the company’s stock worth $8,600,000 after buying an additional 8,511 shares in the last quarter. ADE LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the fourth quarter. ADE LLC now owns 100,976 shares of the company’s stock worth $3,576,000 after acquiring an additional 660 shares during the last quarter. Finally, Fonville Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $2,446,000.

SPDR Portfolio Emerging Markets ETF Stock Down 0.4 %

NYSEARCA SPEM traded down $0.13 on Friday, reaching $35.36. The company had a trading volume of 1,387,746 shares, compared to its average volume of 1,917,970. The stock has a market capitalization of $8.39 billion, a PE 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 firm’s 50 day moving average price is $35.88 and its 200 day moving average price is $34.77.

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.