Founders Financial Securities LLC Decreases Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Founders Financial Securities LLC cut its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 23.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,900 shares of the company’s stock after selling 48,442 shares during the quarter. Founders Financial Securities LLC owned 0.06% of SPDR Portfolio Emerging Markets ETF worth $5,570,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPEM. Creative Planning increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.0% in the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after buying an additional 504,808 shares during the last quarter. Allworth Financial LP raised its position in SPDR Portfolio Emerging Markets ETF by 2.5% during the fourth quarter. Allworth Financial LP now owns 5,948,847 shares of the company’s stock valued at $210,649,000 after purchasing an additional 144,613 shares during the period. TIAA Trust National Association lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the 4th quarter. TIAA Trust National Association now owns 5,107,031 shares of the company’s stock valued at $180,840,000 after purchasing an additional 382,150 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,745,065 shares of the company’s stock worth $168,023,000 after purchasing an additional 232,533 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,642,270 shares of the company’s stock worth $155,882,000 after purchasing an additional 299,484 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.3 %

NYSEARCA:SPEM traded up $0.10 during midday trading on Friday, hitting $37.67. 1,943,359 shares of the company traded hands, compared to its average volume of 1,666,769. The firm has a market capitalization of $8.94 billion, a P/E ratio of 13.05 and a beta of 0.81. The firm’s fifty day moving average is $37.61 and its 200-day moving average is $36.12. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $38.84.

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.