Creative Planning Sells 604,497 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Creative Planning lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 22,995,882 shares of the company’s stock after selling 604,497 shares during the period. SPDR Portfolio Emerging Markets ETF makes up approximately 0.9% of Creative Planning’s investment portfolio, making the stock its 25th biggest position. Creative Planning owned about 0.10% of SPDR Portfolio Emerging Markets ETF worth $949,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers increased its holdings in SPDR Portfolio Emerging Markets ETF by 282.1% in the 1st quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock valued at $49,962,000 after buying an additional 1,019,272 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $30,376,000. Jane Street Group LLC increased its stake 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 valued at $87,985,000 after acquiring an additional 747,277 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 83.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock valued at $59,488,000 after purchasing an additional 719,833 shares in the last quarter. Finally, Heritage Family Offices LLP acquired a new position in SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $16,671,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $41.25 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $32.06 and a fifty-two week high of $42.88. The stock’s fifty day moving average price is $39.52 and its two-hundred day moving average price is $38.19. The company has a market cap of $9.79 billion, a PE ratio of 13.05 and a beta of 0.81.

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.