Axxcess Wealth Management LLC Sells 12,204 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Axxcess Wealth Management LLC decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 689,445 shares of the company’s stock after selling 12,204 shares during the period. Axxcess Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $32,273,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 20.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after buying an additional 2,653,013 shares during the last quarter. Allworth Financial LP increased its position in shares of SPDR Portfolio Emerging Markets ETF by 38.5% during the 3rd quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock valued at $433,528,000 after purchasing an additional 2,572,333 shares during the last quarter. LPL Financial LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after purchasing an additional 1,758,866 shares during the last quarter. NorthRock Partners LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 38,107.1% during the 3rd quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock worth $51,776,000 after purchasing an additional 1,103,200 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 51.5% during the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock worth $122,933,000 after purchasing an additional 893,023 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA:SPEM opened at $53.08 on Friday. The company’s 50-day moving average is $51.43 and its 200 day moving average is $49.30. The company has a market capitalization of $18.20 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $40.83 and a fifty-two week high of $53.54.

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.