Raleigh Capital Management Inc. Has $3.78 Million Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Raleigh Capital Management Inc. decreased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 38.0% during the second quarter, HoldingsChannel reports. The firm owned 88,340 shares of the company’s stock after selling 54,060 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.6% of Raleigh Capital Management Inc.’s holdings, making the stock its 7th biggest position. Raleigh Capital Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LexAurum Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 29.9% in the second quarter. LexAurum Advisors LLC now owns 215,528 shares of the company’s stock worth $9,212,000 after buying an additional 49,661 shares in the last quarter. Kavar Capital Partners Group LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth about $202,000. Janney Montgomery Scott LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth about $1,182,000. Fifth Third Securities Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 3.2% in the second quarter. Fifth Third Securities Inc. now owns 48,593 shares of the company’s stock worth $2,077,000 after buying an additional 1,491 shares during the period. Finally, XY Planning Network Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 12.0% in the second quarter. XY Planning Network Inc. now owns 12,911 shares of the company’s stock worth $552,000 after buying an additional 1,379 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $46.63 on Tuesday. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $47.21. The company has a 50-day simple moving average of $44.79 and a two-hundred day simple moving average of $42.11. The firm has a market capitalization of $13.57 billion, a PE ratio of 15.39 and a beta of 0.68.

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.