Envestnet Portfolio Solutions Inc. Has $109.93 Million Position in SPDR Portfolio Emerging Markets ETF $SPEM

Envestnet Portfolio Solutions Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 12.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,123,055 shares of the company’s stock after acquiring an additional 237,526 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $109,932,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp raised its holdings in SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after acquiring an additional 329,626 shares in the last quarter. Capital Analysts LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.5% during the 2nd quarter. Capital Analysts LLC now owns 355,182 shares of the company’s stock worth $18,392,000 after purchasing an additional 8,799 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 30.3% during the 2nd quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock worth $45,533,000 after purchasing an additional 204,270 shares in the last quarter. IFP Advisors Inc increased its position in shares of SPDR Portfolio Emerging Markets ETF by 18.2% during the second quarter. IFP Advisors Inc now owns 164,298 shares of the company’s stock valued at $8,507,000 after purchasing an additional 25,284 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of SPDR Portfolio Emerging Markets ETF by 17.1% during the second quarter. Baird Financial Group Inc. now owns 22,325 shares of the company’s stock valued at $1,156,000 after purchasing an additional 3,252 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM traded down $0.87 during trading hours on Wednesday, reaching $52.50. The stock had a trading volume of 1,539,402 shares, compared to its average volume of 2,586,063. The business’s fifty day moving average is $51.94 and its two-hundred day moving average is $50.87. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a twelve month low of $45.28 and a twelve month 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.