Perennial Investment Advisors LLC lowered its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 53.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,931 shares of the company’s stock after selling 29,715 shares during the quarter. Perennial Investment Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $995,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at $26,000. IMG Wealth Management Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth about $27,000. Compass Planning Associates Inc purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $28,000. Strategic Wealth Investment Group LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $46,000. Finally, Rialto Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $60,000.
SPDR Portfolio Emerging Markets ETF Stock Down 5.7 %
SPEM opened at $36.66 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $35.00 and a 52-week high of $42.88. The company has a 50 day moving average of $39.51 and a two-hundred day moving average of $39.70. The company has a market cap of $9.69 billion, a P/E ratio of 14.84 and a beta of 0.67.
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.
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