RFG Advisory LLC Lowers Position in SPDR Portfolio Emerging Markets ETF $SPEM

RFG Advisory LLC cut its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 53.8% during the second quarter, Holdings Channel reports. The institutional investor owned 134,896 shares of the company’s stock after selling 157,093 shares during the quarter. RFG Advisory LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $6,985,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SPEM. First Command Advisory Services Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $26,000. Ascentis Independent Advisors bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $27,000. Safe Harbor Fiduciary LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $32,000. Robinswood Financial LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $32,000. Finally, Front Row Advisors LLC lifted 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 purchasing an additional 460 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2%

Shares of SPEM opened at $53.30 on Wednesday. The business’s 50 day moving average price is $51.73 and its 200-day moving average price is $50.71. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54. The stock has a market cap of $18.04 billion, a P/E ratio of 15.39 and a beta of 0.61.

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.