Portside Wealth Group LLC lifted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 66.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,942 shares of the company’s stock after acquiring an additional 84,586 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for 1.3% of Portside Wealth Group LLC’s portfolio, making the stock its 11th largest position. Portside Wealth Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $9,016,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Knuff & Co LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth about $29,000. Brooklyn Investment Group bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at about $32,000. Sachetta LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2,263.9% in the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after buying an additional 815 shares in the last quarter. Webster Bank N. A. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $40,000. Finally, Addison Advisors LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $49,000.
SPDR Portfolio Emerging Markets ETF Stock Down 1.1%
NYSEARCA:SPEM opened at $46.94 on Tuesday. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $48.56. The firm has a 50 day moving average of $47.05 and a 200 day moving average of $44.31.
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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