SPDR Portfolio Emerging Markets ETF $SPEM Shares Sold by Summit Global Investments

Summit Global Investments lessened its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 56.6% during the 1st quarter, Holdings Channel reports. The firm owned 211,334 shares of the company’s stock after selling 275,606 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises approximately 0.6% of Summit Global Investments’ investment portfolio, making the stock its 18th largest position. Summit Global Investments’ holdings in SPDR Portfolio Emerging Markets ETF were worth $9,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth $26,000. Ascentis Independent Advisors acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $32,000. Front Row Advisors LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after buying an additional 460 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $37,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $50.17 on Tuesday. The stock’s fifty day moving average price is $51.66 and its 200 day moving average price is $50.01. SPDR Portfolio Emerging Markets ETF has a 1 year low of $42.66 and a 1 year high of $53.54. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60.

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.