M&T Bank Corp Cuts Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

M&T Bank Corp reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 21.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 61,417 shares of the company’s stock after selling 16,610 shares during the period. M&T Bank Corp’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,535,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in SPEM. United Asset Strategies Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 4.1% in the 2nd quarter. United Asset Strategies Inc. now owns 7,507 shares of the company’s stock valued at $283,000 after purchasing an additional 298 shares in the last quarter. Beacon Bridge Wealth Partners LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 0.9% in the second quarter. Beacon Bridge Wealth Partners LLC now owns 36,566 shares of the company’s stock valued at $1,377,000 after buying an additional 313 shares in the last quarter. Hofer & Associates. Inc raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.2% during the 3rd quarter. Hofer & Associates. Inc now owns 27,976 shares of the company’s stock worth $1,155,000 after buying an additional 332 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.6% in the 2nd quarter. FSB Premier Wealth Management Inc. now owns 56,917 shares of the company’s stock worth $2,144,000 after buying an additional 349 shares in the last quarter. Finally, Aire Advisors LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 1.8% in the 2nd quarter. Aire Advisors LLC now owns 20,888 shares of the company’s stock valued at $787,000 after acquiring an additional 374 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.1 %

NYSEARCA:SPEM opened at $40.14 on Friday. The company has a market capitalization of $9.53 billion, a P/E ratio of 13.05 and a beta of 0.81. The firm has a 50-day moving average price of $40.35 and a two-hundred day moving average price of $39.02. SPDR Portfolio Emerging Markets ETF has a twelve month low of $33.52 and a twelve month high of $42.88.

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.