Orion Portfolio Solutions LLC Cuts Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Orion Portfolio Solutions LLC lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,474 shares of the company’s stock after selling 6,851 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.07% of SPDR Portfolio Emerging Markets ETF worth $6,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPEM. Independent Advisor Alliance bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $210,000. D.A. Davidson & CO. bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at approximately $245,000. FMR LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 30.5% in the third quarter. FMR LLC now owns 36,369 shares of the company’s stock valued at $1,501,000 after purchasing an additional 8,494 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter worth $219,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter valued at $205,000.

SPDR Portfolio Emerging Markets ETF Stock Down 1.5 %

SPEM stock opened at $39.45 on Friday. The company has a fifty day simple moving average of $39.49 and a two-hundred day simple moving average of $39.68. SPDR Portfolio Emerging Markets ETF has a 52 week low of $35.00 and a 52 week high of $42.88. The firm has a market capitalization of $10.43 billion, a P/E ratio of 14.84 and a beta of 0.67.

SPDR Portfolio Emerging Markets ETF Company 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.