Rainier Family Wealth Inc. Reduces Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Rainier Family Wealth Inc. reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 69.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,003 shares of the company’s stock after selling 36,082 shares during the period. Rainier Family Wealth Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $751,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Birch Financial Group LLC increased its position in SPDR Portfolio Emerging Markets ETF by 7.7% during the first quarter. Birch Financial Group LLC now owns 44,088 shares of the company’s stock worth $2,068,000 after buying an additional 3,171 shares in the last quarter. Brookstone Capital Management lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 37.9% in the first quarter. Brookstone Capital Management now owns 282,689 shares of the company’s stock valued at $13,261,000 after acquiring an additional 77,700 shares in the last quarter. True Vision MN LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 4.7% in the first quarter. True Vision MN LLC now owns 7,012 shares of the company’s stock valued at $329,000 after acquiring an additional 315 shares in the last quarter. Sheets Smith Wealth Management lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 8.4% in the first quarter. Sheets Smith Wealth Management now owns 22,004 shares of the company’s stock valued at $1,032,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Founders Financial Securities LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.2% during the first quarter. Founders Financial Securities LLC now owns 140,501 shares of the company’s stock valued at $6,886,000 after acquiring an additional 5,622 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 0.1%

SPDR Portfolio Emerging Markets ETF stock opened at $53.13 on Tuesday. The stock has a market cap of $18.21 billion, a PE ratio of 15.39 and a beta of 0.60. The stock has a 50-day moving average price of $51.59 and a 200 day moving average price of $49.39. SPDR Portfolio Emerging Markets ETF has a 52 week low of $40.83 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.