Parallel Advisors LLC Acquires 82,300 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Parallel Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 82,300 shares of the company’s stock, valued at approximately $4,260,000.

A number of other institutional investors have also modified their holdings of SPEM. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth about $130,375,000. Park Avenue Securities LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the third quarter worth about $35,898,000. Commonwealth Equity Services LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the third quarter worth about $31,659,000. Capital Wealth Management LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the third quarter worth about $22,770,000. Finally, Kestra Advisory Services LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $22,338,000.

SPDR Portfolio Emerging Markets ETF Stock Up 1.7%

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $48.22 on Friday. The business has a 50-day moving average price of $51.42 and a 200 day moving average price of $50.71. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The firm has a market cap of $16.04 billion, a P/E ratio of 15.39 and a beta of 0.63.

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.