SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. trimmed its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 133,119 shares of the company’s stock after selling 7,230 shares during the period. SPDR Portfolio Emerging Markets ETF comprises 2.0% of Raleigh Capital Management Inc.’s portfolio, making the stock its 6th biggest holding. Raleigh Capital Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPEM. Archer Investment Corp purchased a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter valued at about $39,000. Hershey Financial Advisers LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $49,000. McClarren Financial Advisors Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 583.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after purchasing an additional 2,193 shares during the period. Fortitude Family Office LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $121,000. Finally, Abound Wealth Management increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 420.2% in the 4th quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock valued at $131,000 after purchasing an additional 2,761 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $38.60 on Thursday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.91 and a fifty-two week high of $42.88. The business’s 50-day moving average is $39.03 and its 200-day moving average is $39.18.

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.