SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Sold by Balentine LLC

Balentine LLC reduced its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 69.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,674 shares of the company’s stock after selling 17,197 shares during the period. Balentine LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 282.1% in the 1st quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock valued at $49,962,000 after purchasing an additional 1,019,272 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $30,376,000. Jane Street Group LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 44.4% in the 1st quarter. Jane Street Group LLC now owns 2,431,196 shares of the company’s stock valued at $87,985,000 after purchasing an additional 747,277 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 83.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock worth $59,488,000 after purchasing an additional 719,833 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth $16,671,000.

SPDR Portfolio Emerging Markets ETF Stock Up 1.6 %

Shares of SPEM stock opened at $40.98 on Wednesday. The stock has a market cap of $9.73 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.48 and a fifty-two week high of $42.88. The business has a fifty day simple moving average of $40.06 and a 200-day simple moving average of $38.60.

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.