Envestnet Portfolio Solutions Inc. Decreases Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Envestnet Portfolio Solutions Inc. lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 19.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,985,172 shares of the company’s stock after selling 482,492 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.69% of SPDR Portfolio Emerging Markets ETF worth $84,846,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Golden State Wealth Management LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 66.1% during the 1st quarter. Golden State Wealth Management LLC now owns 7,133 shares of the company’s stock valued at $281,000 after buying an additional 2,839 shares in the last quarter. ORBA Wealth Advisors L.L.C. raised its position in SPDR Portfolio Emerging Markets ETF by 12.3% during the first quarter. ORBA Wealth Advisors L.L.C. now owns 108,024 shares of the company’s stock valued at $4,253,000 after purchasing an additional 11,790 shares during the period. Truist Financial Corp raised its position in SPDR Portfolio Emerging Markets ETF by 10.1% during the second quarter. Truist Financial Corp now owns 96,702 shares of the company’s stock valued at $4,133,000 after purchasing an additional 8,909 shares during the period. Focus Financial Network Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 3.8% during the second quarter. Focus Financial Network Inc. now owns 7,195 shares of the company’s stock valued at $307,000 after purchasing an additional 263 shares during the period. Finally, Golden State Equity Partners purchased a new stake in SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $1,102,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $45.45 on Monday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $47.67. The stock’s 50 day simple moving average is $45.42 and its two-hundred day simple moving average is $42.54. The company has a market cap of $13.98 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.