Allworth Financial LP Sells 2,109,997 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Allworth Financial LP lessened its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 22.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,221,745 shares of the company’s stock after selling 2,109,997 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.6% of Allworth Financial LP’s portfolio, making the stock its 11th largest position. Allworth Financial LP’s holdings in SPDR Portfolio Emerging Markets ETF were worth $373,942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. First Command Advisory Services Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $26,000. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $27,000. Robinswood Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at about $32,000. Safe Harbor Fiduciary LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth approximately $32,000. Finally, Front Row Advisors LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 147.9% in the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after purchasing an additional 460 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM traded down $0.11 during trading hours on Tuesday, reaching $53.30. 804,239 shares of the stock were exchanged, compared to its average volume of 2,665,788. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. The stock’s fifty day simple moving average is $51.70 and its 200 day simple moving average is $50.69. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54.

SPDR Portfolio Emerging Markets ETF 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.