Redwood Financial Network Corp Decreases Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Redwood Financial Network Corp cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEMFree Report) by 23.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,816 shares of the company’s stock after selling 3,901 shares during the period. Redwood Financial Network Corp’s holdings in SPDR Portfolio Emerging Markets ETF were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CFS Investment Advisory Services LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 4.5% during the fourth quarter. CFS Investment Advisory Services LLC now owns 103,296 shares of the company’s stock worth $3,658,000 after buying an additional 4,447 shares during the last quarter. Savvy Advisors Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $597,000. Valley Financial Group Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $4,849,000. Clear Rock Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $503,000. Finally, BayBridge Capital Group LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $2,104,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $37.72 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $39.32. The company has a market capitalization of $8.95 billion, a P/E ratio of 13.05 and a beta of 0.81. The company has a 50 day simple moving average of $38.05 and a 200-day simple moving average of $37.31.

SPDR Portfolio Emerging Markets ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEMFree Report).

Institutional Ownership by Quarter for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Receive News & Ratings for SPDR Portfolio Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Portfolio Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.