Elwood & Goetz Wealth Advisory Group LLC Sells 8,068 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Elwood & Goetz Wealth Advisory Group LLC reduced its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,805 shares of the company’s stock after selling 8,068 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises about 0.5% of Elwood & Goetz Wealth Advisory Group LLC’s portfolio, making the stock its 21st largest position. Elwood & Goetz Wealth Advisory Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPEM. Cetera Investment Advisers raised its stake in SPDR Portfolio Emerging Markets ETF by 282.1% during the first quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock worth $49,962,000 after acquiring an additional 1,019,272 shares in the last quarter. Jane Street Group LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 44.4% in the first quarter. Jane Street Group LLC now owns 2,431,196 shares of the company’s stock valued at $87,985,000 after buying an additional 747,277 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 83.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock worth $59,488,000 after buying an additional 719,833 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 38.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,491,923 shares of the company’s stock worth $88,239,000 after buying an additional 688,304 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.0% during the fourth quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after buying an additional 504,808 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM traded up $0.10 during mid-day trading on Friday, hitting $38.59. 744,678 shares of the stock traded hands, compared to its average volume of 1,574,337. The company has a market cap of $9.16 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.06 and a twelve month high of $39.32. The firm has a 50 day simple moving average of $38.02 and a two-hundred day simple moving average of $37.17.

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.