Richardson Financial Services Inc. Sells 3,780 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Richardson Financial Services Inc. lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 77,473 shares of the company’s stock after selling 3,780 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises approximately 2.1% of Richardson Financial Services Inc.’s holdings, making the stock its 7th largest position. Richardson Financial Services Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,982,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can increased its stake in SPDR Portfolio Emerging Markets ETF by 56.4% during the second quarter. Bank of Montreal Can now owns 9,734 shares of the company’s stock worth $367,000 after acquiring an additional 3,510 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 20.0% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 10,480 shares of the company’s stock valued at $395,000 after purchasing an additional 1,748 shares during the last quarter. Truist Financial Corp grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 42.9% during the 2nd quarter. Truist Financial Corp now owns 43,603 shares of the company’s stock worth $1,643,000 after purchasing an additional 13,084 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $7,329,000. Finally, Gainplan LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 1.4% in the 3rd quarter. Gainplan LLC now owns 83,742 shares of the company’s stock valued at $3,155,000 after buying an additional 1,131 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $38.73 on Friday. The stock has a market capitalization of $9.19 billion, a P/E ratio of 13.05 and a beta of 0.81. The firm’s 50-day moving average is $38.93 and its two-hundred day moving average is $39.17. SPDR Portfolio Emerging Markets ETF has a 12 month low of $33.94 and a 12 month high of $42.88.

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.