Northeast Financial Group Inc. Sells 880 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Northeast Financial Group Inc. cut its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,274 shares of the company’s stock after selling 880 shares during the quarter. Northeast Financial Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $39,000. Signature Estate & Investment Advisors LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 3.6% during the third quarter. Signature Estate & Investment Advisors LLC now owns 582,413 shares of the company’s stock worth $24,042,000 after purchasing an additional 20,368 shares during the last quarter. Balboa Wealth Partners boosted its stake in SPDR Portfolio Emerging Markets ETF by 14.9% in the third quarter. Balboa Wealth Partners now owns 36,621 shares of the company’s stock valued at $1,512,000 after acquiring an additional 4,754 shares during the last quarter. Lifeworks Advisors LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $1,988,000. Finally, International Private Wealth Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 120.4% in the third quarter. International Private Wealth Advisors LLC now owns 37,794 shares of the company’s stock valued at $1,560,000 after acquiring an additional 20,643 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2 %

SPEM opened at $39.01 on Friday. The company’s 50-day moving average price is $40.32 and its two-hundred day moving average price is $38.76. SPDR Portfolio Emerging Markets ETF has a twelve month low of $33.52 and a twelve month high of $42.88. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

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.