Creative Planning Lowers Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Creative Planning lowered its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 23,600,379 shares of the company’s stock after selling 906,861 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 0.9% of Creative Planning’s holdings, making the stock its 25th largest position. Creative Planning owned 0.10% of SPDR Portfolio Emerging Markets ETF worth $889,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vantage Financial Partners LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $1,478,000. Gilbert & Cook Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 73.9% in the fourth quarter. Gilbert & Cook Inc. now owns 18,615 shares of the company’s stock worth $659,000 after purchasing an additional 7,912 shares during the last quarter. Prairieview Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $1,237,000. Advisory Services Network LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 100.1% in the fourth quarter. Advisory Services Network LLC now owns 14,813 shares of the company’s stock worth $525,000 after buying an additional 7,410 shares in the last quarter. Finally, Focus Financial Network Inc. ADV bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $205,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $41.66 on Friday. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $41.90. The stock’s 50 day simple moving average is $38.25 and its two-hundred day simple moving average is $37.63.

About SPDR Portfolio Emerging Markets ETF

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.