Parallel Advisors LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Parallel Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 82,300 shares of the company’s stock, valued at approximately $4,260,000.

Several other institutional investors have also recently added to or reduced their stakes in SPEM. State Street Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after purchasing an additional 329,626 shares during the period. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth about $130,375,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after buying an additional 237,526 shares during the period. Royal Bank of Canada boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock valued at $54,194,000 after buying an additional 86,967 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 30.3% in the 2nd quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock valued at $45,533,000 after buying an additional 204,270 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 1.7%

Shares of NYSEARCA:SPEM opened at $48.22 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The firm has a 50-day simple moving average of $51.42 and a 200 day simple moving average of $50.71. The company has a market cap of $16.04 billion, a PE ratio of 15.39 and a beta of 0.63.

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.