Sei Investments Co. Lowers Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Sei Investments Co. reduced its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 407,044 shares of the company’s stock after selling 10,159 shares during the period. Sei Investments Co.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $15,334,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth about $27,000. Lynx Investment Advisory purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $35,000. Strategic Financial Concepts LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 649.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after acquiring an additional 128,861 shares during the last quarter. American National Bank grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 132.0% in the second quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares in the last quarter. Finally, SouthState Corp bought a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth $86,000.

SPDR Portfolio Emerging Markets ETF Stock Up 3.2 %

SPDR Portfolio Emerging Markets ETF stock opened at $41.68 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $41.80. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The firm’s fifty day moving average is $38.11 and its 200 day moving average is $37.56.

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.