Raleigh Capital Management Inc. Purchases 27,009 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Raleigh Capital Management Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 23.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,349 shares of the company’s stock after purchasing an additional 27,009 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 2.2% of Raleigh Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Raleigh Capital Management Inc. owned about 0.06% of SPDR Portfolio Emerging Markets ETF worth $5,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after buying an additional 323,995 shares in the last quarter. US Bancorp DE boosted its position in SPDR Portfolio Emerging Markets ETF by 40.9% during the first quarter. US Bancorp DE now owns 13,995 shares of the company’s stock valued at $506,000 after purchasing an additional 4,063 shares during the last quarter. Forbes Financial Planning Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 104.7% in the second quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock valued at $2,531,000 after purchasing an additional 34,371 shares in the last quarter. Raymond James & Associates increased its position in SPDR Portfolio Emerging Markets ETF by 9.1% in the 2nd quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock worth $8,961,000 after purchasing an additional 19,939 shares during the last quarter. Finally, Second Line Capital LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the 2nd quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock worth $7,683,000 after purchasing an additional 8,783 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $41.04 on Tuesday. The business has a 50 day simple moving average of $39.59 and a 200 day simple moving average of $38.25. SPDR Portfolio Emerging Markets ETF has a 52 week low of $32.06 and a 52 week high of $42.88. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

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.