Merriman Wealth Management LLC Trims Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Merriman Wealth Management LLC lessened its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,433 shares of the company’s stock after selling 2,212 shares during the period. Merriman Wealth Management LLC owned 0.06% of SPDR Portfolio Emerging Markets ETF worth $5,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SPEM. Rothschild Investment LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth $27,000. Frazier Financial Advisors LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $32,000. Lynx Investment Advisory purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $35,000. Strategic Financial Concepts LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 649.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after buying an additional 128,861 shares during the period. Finally, American National Bank raised its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% in the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after buying an additional 1,020 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Down 0.2 %

Shares of SPEM opened at $39.14 on Friday. The firm has a market cap of $9.29 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $39.32. The company’s 50-day moving average price is $38.02 and its 200 day moving average price is $37.46.

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.