Perennial Investment Advisors LLC Buys 2,542 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Perennial Investment Advisors LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.9% in the second quarter, HoldingsChannel.com reports. The fund owned 67,025 shares of the company’s stock after acquiring an additional 2,542 shares during the quarter. Perennial Investment Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,525,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of SPEM. Creative Planning lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 2.0% during the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after buying an additional 504,808 shares during the last quarter. LPL Financial LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 2.4% during the 2nd quarter. LPL Financial LLC now owns 9,167,986 shares of the company’s stock worth $345,358,000 after buying an additional 218,418 shares during the last quarter. Allworth Financial LP lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.8% during the 1st quarter. Allworth Financial LP now owns 6,058,748 shares of the company’s stock worth $219,266,000 after buying an additional 109,901 shares during the last quarter. TIAA Trust National Association lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.1% during the 1st quarter. TIAA Trust National Association now owns 5,419,849 shares of the company’s stock worth $196,144,000 after buying an additional 312,818 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after buying an additional 323,995 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.4 %

Shares of SPEM opened at $38.45 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $39.32. The business has a 50-day simple moving average of $38.03 and a two-hundred day simple moving average of $37.40. The stock has a market cap of $9.13 billion, a PE ratio of 13.05 and a beta of 0.81.

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.