Cobblestone Asset Management LLC Cuts Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cobblestone Asset Management LLC decreased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,072 shares of the company’s stock after selling 583 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises about 1.2% of Cobblestone Asset Management LLC’s portfolio, making the stock its 22nd biggest holding. Cobblestone Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,883,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPEM. Stifel Financial Corp increased its stake in SPDR Portfolio Emerging Markets ETF by 6.7% during the third quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock worth $2,665,000 after purchasing an additional 4,049 shares during the period. Second Line Capital LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 4.5% in the second quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock worth $7,683,000 after acquiring an additional 8,783 shares during the last quarter. SPC Financial Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 5.1% during the 2nd quarter. SPC Financial Inc. now owns 79,752 shares of the company’s stock worth $3,004,000 after acquiring an additional 3,889 shares in the last quarter. Advisory Resource Group increased its position in shares of SPDR Portfolio Emerging Markets ETF by 5.4% in the 3rd quarter. Advisory Resource Group now owns 60,213 shares of the company’s stock valued at $2,486,000 after purchasing an additional 3,068 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 637,654 shares of the company’s stock valued at $26,322,000 after purchasing an additional 19,370 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $38.92 on Monday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.94 and a 1 year high of $42.88. The stock has a market cap of $9.24 billion, a P/E ratio of 13.05 and a beta of 0.81. The stock has a 50-day simple moving average of $39.01 and a 200-day simple moving average of $39.18.

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.