Absolute Capital Management LLC Has $412,000 Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Absolute Capital Management LLC reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,721 shares of the company’s stock after selling 445 shares during the period. Absolute Capital Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $412,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 474.2% during the 4th quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after buying an additional 1,878 shares during the period. Stifel Financial Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the third quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock valued at $2,665,000 after purchasing an additional 4,049 shares during the last quarter. Forbes J M & Co. LLP raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the fourth quarter. Forbes J M & Co. LLP now owns 265,153 shares of the company’s stock valued at $10,174,000 after purchasing an additional 1,728 shares during the last quarter. Advisory Resource Group raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.4% in the third 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 third 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 during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.9 %

NYSEARCA SPEM opened at $40.20 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The company has a market capitalization of $10.63 billion, a PE ratio of 14.80 and a beta of 0.67. The firm’s 50 day moving average is $39.22 and its 200-day moving average is $39.58.

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.