Grimes & Company Inc. Purchases 1,140 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Grimes & Company Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 77,536 shares of the company’s stock after purchasing an additional 1,140 shares during the period. Grimes & Company Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,314,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.1% in the first 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 in the last quarter. Allworth Financial LP grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.2% during the 1st quarter. Allworth Financial LP now owns 6,567,549 shares of the company’s stock worth $257,842,000 after acquiring an additional 80,992 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock valued at $250,466,000 after acquiring an additional 461,936 shares in the last quarter. TIAA Trust National Association raised its stake in shares of 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. Finally, Ameriprise Financial Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the first quarter. Ameriprise Financial Inc. now owns 5,060,826 shares of the company’s stock worth $199,231,000 after purchasing an additional 33,522 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM opened at $47.48 on Tuesday. The stock has a market capitalization of $14.60 billion, a P/E ratio of 15.39 and a beta of 0.68. The company’s 50 day simple moving average is $45.13 and its 200-day simple moving average is $42.35. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $47.54.

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.