Rooted Wealth Advisors Inc. Cuts Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Rooted Wealth Advisors Inc. reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,272 shares of the company’s stock after selling 2,119 shares during the period. Rooted Wealth Advisors Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 5.2% in the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after buying an additional 476,292 shares in the last quarter. Allworth Financial LP increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the 3rd quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after purchasing an additional 67,205 shares in the last quarter. State Street Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after purchasing an additional 591,019 shares in the last quarter. Assetmark Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 10.2% in the 3rd quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock worth $91,333,000 after purchasing an additional 204,960 shares during the period. Finally, Townsquare Capital LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 6.5% during the third quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock worth $88,936,000 after purchasing an additional 132,008 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 0.4 %

Shares of SPEM opened at $39.76 on Friday. The firm has a market cap of $9.44 billion, a P/E ratio of 13.05 and a beta of 0.81. The stock’s 50 day moving average is $38.89 and its two-hundred day moving average is $39.24. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.74 and a 12 month high of $42.88.

SPDR Portfolio Emerging Markets ETF 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.