Fortis Capital Advisors LLC trimmed its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 22.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,805 shares of the company’s stock after selling 2,009 shares during the quarter. Fortis Capital Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $291,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of SPEM. Knuff & Co LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $29,000. Brooklyn Investment Group purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $32,000. Wayfinding Financial LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $36,000. Tsfg LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 267.4% in the 1st quarter. Tsfg LLC now owns 992 shares of the company’s stock worth $39,000 after purchasing an additional 722 shares during the period. Finally, Webster Bank N. A. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth about $40,000.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of SPDR Portfolio Emerging Markets ETF stock opened at $47.35 on Friday. The company has a 50-day moving average of $45.05 and a 200 day moving average of $42.28. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $47.44.
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.
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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:SPEM – Free Report).
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