Cypress Wealth Services LLC Increases Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Cypress Wealth Services LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 21.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 160,106 shares of the company’s stock after buying an additional 27,882 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 1.2% of Cypress Wealth Services LLC’s investment portfolio, making the stock its 17th biggest holding. Cypress Wealth Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sachetta LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 2,263.9% during the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after acquiring an additional 815 shares during the period. Webster Bank N. A. purchased a new position in SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $40,000. Addison Advisors LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $49,000. WFA of San Diego LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter worth about $58,000. Finally, Clearstead Trust LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $61,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.4%

Shares of SPEM opened at $46.71 on Wednesday. The firm has a market cap of $14.42 billion, a PE ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $48.56. The stock has a fifty day moving average price of $47.12 and a 200-day moving average price of $45.31.

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.