SPDR Portfolio Emerging Markets ETF $SPEM Shares Bought by Summit Global Investments

Summit Global Investments lifted its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 14.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 338,424 shares of the company’s stock after purchasing an additional 43,004 shares during the period. SPDR Portfolio Emerging Markets ETF comprises approximately 0.9% of Summit Global Investments’ portfolio, making the stock its 14th largest holding. Summit Global Investments’ holdings in SPDR Portfolio Emerging Markets ETF were worth $15,842,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in SPEM. CWM LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 3.3% in the third quarter. CWM LLC now owns 2,263,731 shares of the company’s stock valued at $105,965,000 after purchasing an additional 73,219 shares during the last quarter. Addison Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $49,000. Allworth Financial LP boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.9% in the 2nd quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock valued at $285,892,000 after buying an additional 121,550 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 45.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock valued at $2,741,000 after buying an additional 18,303 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the 3rd quarter. Cerity Partners LLC now owns 2,688,945 shares of the company’s stock valued at $125,869,000 after buying an additional 18,041 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $50.22 on Friday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $50.58. The stock has a market cap of $16.77 billion, a PE ratio of 15.39 and a beta of 0.56. The firm has a fifty day moving average price of $47.63 and a 200 day moving average price of $46.37.

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.