Palatine Hill Wealth Management LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,821 shares of the company’s stock after buying an additional 13,316 shares during the period. SPDR Portfolio Emerging Markets ETF comprises about 5.6% of Palatine Hill Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Palatine Hill Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,858,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the company. State Street Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after acquiring an additional 329,626 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $130,375,000. Envestnet Portfolio Solutions Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after acquiring an additional 237,526 shares during the last quarter. Royal Bank of Canada increased its position in SPDR Portfolio Emerging Markets ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock worth $54,194,000 after purchasing an additional 86,967 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 30.3% during the second quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock worth $45,533,000 after buying an additional 204,270 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Price Performance
NYSEARCA SPEM traded up $0.80 during trading hours on Friday, reaching $48.22. The company’s stock had a trading volume of 3,249,015 shares, compared to its average volume of 2,505,306. The stock has a market cap of $16.04 billion, a P/E ratio of 15.39 and a beta of 0.63. The firm has a fifty day simple moving average of $51.42 and a 200-day simple moving average of $50.71. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54.
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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