SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Position Reduced by Richardson Financial Services Inc.

Richardson Financial Services Inc. trimmed its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,473 shares of the company’s stock after selling 3,780 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 2.1% of Richardson Financial Services Inc.’s portfolio, making the stock its 7th biggest holding. Richardson Financial Services Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,982,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can boosted its position in SPDR Portfolio Emerging Markets ETF by 56.4% during the second quarter. Bank of Montreal Can now owns 9,734 shares of the company’s stock worth $367,000 after purchasing an additional 3,510 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 20.0% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 10,480 shares of the company’s stock worth $395,000 after buying an additional 1,748 shares during the period. Truist Financial Corp raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 42.9% during the 2nd quarter. Truist Financial Corp now owns 43,603 shares of the company’s stock worth $1,643,000 after buying an additional 13,084 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at approximately $7,329,000. Finally, Gainplan LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 1.4% in the 3rd quarter. Gainplan LLC now owns 83,742 shares of the company’s stock valued at $3,155,000 after acquiring an additional 1,131 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $38.73 on Friday. The firm has a fifty day moving average of $38.93 and a 200 day moving average of $39.17. The firm has a market cap of $9.19 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a one year low of $33.94 and a one year high of $42.88.

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.