Frisch Financial Group Inc. Lowers Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Frisch Financial Group Inc. trimmed its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,369 shares of the company’s stock after selling 618 shares during the period. Frisch Financial Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPEM. Wedmont Private Capital boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the 1st quarter. Wedmont Private Capital now owns 43,028 shares of the company’s stock worth $1,593,000 after purchasing an additional 278 shares in the last quarter. WealthPLAN Partners LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 3.5% during the 1st quarter. WealthPLAN Partners LLC now owns 8,398 shares of the company’s stock worth $304,000 after purchasing an additional 282 shares in the last quarter. United Asset Strategies Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 4.1% during the 2nd quarter. United Asset Strategies Inc. now owns 7,507 shares of the company’s stock worth $283,000 after purchasing an additional 298 shares in the last quarter. Verus Capital Partners LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.8% during the 1st quarter. Verus Capital Partners LLC now owns 17,201 shares of the company’s stock worth $623,000 after purchasing an additional 302 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 3.4% during the 2nd quarter. Epic Trust Investment Advisors LLC now owns 9,367 shares of the company’s stock worth $353,000 after purchasing an additional 304 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $38.45 on Tuesday. The firm has a market capitalization of $9.13 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $39.32. The company’s fifty day moving average is $38.03 and its two-hundred day moving average is $37.40.

About SPDR Portfolio Emerging Markets ETF

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.