Allworth Financial LP decreased its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 22.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,221,745 shares of the company’s stock after selling 2,109,997 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 1.6% of Allworth Financial LP’s investment portfolio, making the stock its 11th largest position. Allworth Financial LP owned approximately 2.13% of SPDR Portfolio Emerging Markets ETF worth $373,942,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SPEM. Charles Schwab Investment Management Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 20.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after purchasing an additional 2,653,013 shares during the last quarter. LPL Financial LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after acquiring an additional 1,758,866 shares during the last quarter. Morgan Stanley grew its position in shares of SPDR Portfolio Emerging Markets ETF by 9.8% during the 4th quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock worth $327,570,000 after buying an additional 622,595 shares during the period. Ameriprise Financial Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock valued at $228,232,000 after acquiring an additional 279,126 shares during the last quarter. Finally, State Street Corp increased its holdings in SPDR Portfolio Emerging Markets ETF by 23.1% in the fourth quarter. State Street Corp now owns 4,419,838 shares of the company’s stock valued at $206,893,000 after purchasing an additional 830,465 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Performance
NYSEARCA:SPEM traded down $0.11 during trading hours on Tuesday, hitting $53.30. The stock had a trading volume of 804,239 shares, compared to its average volume of 2,665,788. The business’s 50 day moving average is $51.70 and its 200-day moving average is $50.69. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a one year low of $45.28 and a one year high of $53.54.
SPDR Portfolio Emerging Markets ETF Company Profile
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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