SPDR Portfolio Emerging Markets ETF $SPEM Holdings Decreased by Absolute Capital Management LLC

Absolute Capital Management LLC reduced its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 24.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,901 shares of the company’s stock after selling 2,889 shares during the period. Absolute Capital Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPEM. Creative Planning increased its stake in SPDR Portfolio Emerging Markets ETF by 0.9% during the second quarter. Creative Planning now owns 22,882,892 shares of the company’s stock valued at $978,015,000 after purchasing an additional 208,911 shares during the last quarter. LPL Financial LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 6.1% during the 1st quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock valued at $421,513,000 after buying an additional 620,049 shares during the last quarter. Allworth Financial LP raised its stake in SPDR Portfolio Emerging Markets ETF by 1.9% during the second quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock worth $285,892,000 after acquiring an additional 121,550 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 1.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,484,376 shares of the company’s stock worth $277,142,000 after acquiring an additional 122,532 shares during the last quarter. Finally, TIAA Trust National Association lifted its holdings in SPDR Portfolio Emerging Markets ETF by 4.3% in the first quarter. TIAA Trust National Association now owns 6,065,716 shares of the company’s stock worth $238,807,000 after acquiring an additional 252,016 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2%

Shares of SPEM stock opened at $46.62 on Thursday. The company has a market cap of $14.39 billion, a P/E ratio of 15.39 and a beta of 0.56. The business has a 50 day moving average of $47.10 and a two-hundred day moving average of $44.37. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $48.56.

SPDR Portfolio Emerging Markets ETF 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.