Grimes & Company Inc. Has $3.01 Million Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Grimes & Company Inc. trimmed its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 36.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,259 shares of the company’s stock after selling 48,311 shares during the period. Grimes & Company Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,013,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Wedmont Private Capital lifted its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% in the first quarter. Wedmont Private Capital now owns 43,028 shares of the company’s stock valued at $1,593,000 after buying an additional 278 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 2.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 15,625 shares of the company’s stock valued at $553,000 after buying an additional 301 shares during the period. Vantage Investment Partners LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 4.3% in the fourth quarter. Vantage Investment Partners LLC now owns 7,550 shares of the company’s stock valued at $267,000 after buying an additional 310 shares during the period. Eudaimonia Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 2.1% in the fourth quarter. Eudaimonia Advisors LLC now owns 16,180 shares of the company’s stock valued at $573,000 after buying an additional 329 shares during the period. Finally, Valley National Advisers Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 15.5% in the fourth quarter. Valley National Advisers Inc. now owns 2,512 shares of the company’s stock valued at $88,000 after buying an additional 338 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $37.67 on Friday. The company’s 50 day simple moving average is $37.61 and its 200 day simple moving average is $36.12. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $32.06 and a fifty-two week high of $38.84. The firm has a market capitalization of $8.94 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.