Balentine LLC decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,924 shares of the company’s stock after selling 750 shares during the period. Balentine LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $266,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Archer Investment Corp purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at $39,000. Strategic Wealth Investment Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $46,000. Blue Trust Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 474.2% in the 4th quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock valued at $94,000 after purchasing an additional 1,878 shares during the period. McClarren Financial Advisors Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 583.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after purchasing an additional 2,193 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $121,000.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of SPEM opened at $39.60 on Tuesday. The company has a market capitalization of $9.40 billion, a PE ratio of 13.05 and a beta of 0.81. The company’s 50 day moving average price is $38.91 and its 200 day moving average price is $39.21. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.30 and a 52 week high of $42.88.
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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