SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Position Reduced by Grimes & Company Inc.

Grimes & Company Inc. cut its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 82,154 shares of the company’s stock after selling 896 shares during the period. Grimes & Company Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,152,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPEM. Occidental Asset Management LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the 4th quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock valued at $1,781,000 after purchasing an additional 312 shares during the period. Hofer & Associates. Inc increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.2% in the third quarter. Hofer & Associates. Inc now owns 27,976 shares of the company’s stock worth $1,155,000 after buying an additional 332 shares during the last quarter. City State Bank increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.6% in the fourth quarter. City State Bank now owns 21,271 shares of the company’s stock worth $816,000 after buying an additional 335 shares during the last quarter. Carnegie Investment Counsel increased its holdings in SPDR Portfolio Emerging Markets ETF by 2.6% in the fourth quarter. Carnegie Investment Counsel now owns 13,151 shares of the company’s stock worth $505,000 after buying an additional 335 shares during the last quarter. Finally, Boston Mountain Money Management Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 0.5% in the third quarter. Boston Mountain Money Management Inc. now owns 79,282 shares of the company’s stock worth $3,273,000 after buying an additional 376 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $38.92 on Friday. The stock’s 50 day moving average price is $39.01 and its 200 day moving average price is $39.17. SPDR Portfolio Emerging Markets ETF has a 52 week low of $33.94 and a 52 week high of $42.88. The company has a market capitalization of $9.24 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.