Pineridge Advisors LLC Decreases Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Pineridge Advisors LLC trimmed its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,148 shares of the company’s stock after selling 44,466 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 8.0% of Pineridge Advisors LLC’s portfolio, making the stock its 5th biggest holding. Pineridge Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $27,906,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. First Horizon Corp purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $29,000. Sachetta LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 2,263.9% in the second quarter. Sachetta LLC now owns 851 shares of the company’s stock worth $36,000 after buying an additional 815 shares in the last quarter. Stone House Investment Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter valued at $40,000. Addison Advisors LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth about $49,000. Finally, Blue Trust Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 539.1% during the third quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock worth $57,000 after buying an additional 1,035 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 2.0%

NYSEARCA:SPEM opened at $49.20 on Monday. The business’s 50-day moving average price is $47.69 and its two-hundred day moving average price is $46.46. SPDR Portfolio Emerging Markets ETF has a twelve month low of $34.38 and a twelve month high of $50.58. The stock has a market cap of $16.43 billion, a P/E ratio of 15.39 and a beta of 0.56.

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.