Summit Global Investments Sells 275,606 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Summit Global Investments decreased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 56.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 211,334 shares of the company’s stock after selling 275,606 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for about 0.6% of Summit Global Investments’ portfolio, making the stock its 18th largest position. Summit Global Investments owned 0.06% of SPDR Portfolio Emerging Markets ETF worth $9,914,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors bought a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth approximately $27,000. Safe Harbor Fiduciary LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $32,000. Front Row Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 147.9% during the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after acquiring an additional 460 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $37,000.

SPDR Portfolio Emerging Markets ETF Trading Down 0.0%

Shares of NYSEARCA:SPEM opened at $50.17 on Tuesday. The company has a market capitalization of $16.98 billion, a PE ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 12-month low of $42.66 and a 12-month high of $53.54. The business’s fifty day simple moving average is $51.66 and its 200-day simple moving average is $50.01.

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.