Peterson Wealth Advisors LLC Decreases Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Peterson Wealth Advisors LLC cut its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 67,676 shares of the company’s stock after selling 1,899 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 0.5% of Peterson Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Peterson Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,892,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. LPL Financial LLC increased 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 purchasing an additional 620,049 shares during the last quarter. Allworth Financial LP increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.2% in 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 holdings 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 worth $250,466,000 after acquiring an additional 461,936 shares during the last quarter. TIAA Trust National Association increased its holdings in SPDR Portfolio Emerging Markets ETF by 4.3% in the 1st 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. increased its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,060,826 shares of the company’s stock worth $199,231,000 after acquiring an additional 33,522 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $46.03 on Friday. The business has a 50-day moving average of $44.03 and a 200 day moving average of $41.54. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $46.12. The firm has a market cap of $13.39 billion, a P/E ratio of 15.39 and a beta of 0.68.

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.