Envestnet Asset Management Inc. Increases Position in SPDR Portfolio Emerging Markets ETF $SPEM

Envestnet Asset Management Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,946,967 shares of the company’s stock after purchasing an additional 462,591 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $325,188,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Valtinson Bruner Financial Planning LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.7% in the 3rd quarter. Valtinson Bruner Financial Planning LLC now owns 191,174 shares of the company’s stock worth $8,949,000 after buying an additional 10,301 shares during the last quarter. Elm Partners Management LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 4.3% during the third quarter. Elm Partners Management LLC now owns 709,547 shares of the company’s stock valued at $33,214,000 after buying an additional 29,102 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 27.3% in the third quarter. Raleigh Capital Management Inc. now owns 112,484 shares of the company’s stock worth $5,265,000 after acquiring an additional 24,144 shares in the last quarter. Abound Financial LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 3.1% in the third quarter. Abound Financial LLC now owns 197,497 shares of the company’s stock worth $9,245,000 after acquiring an additional 5,962 shares in the last quarter. Finally, Tsfg LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 24.1% in the third quarter. Tsfg LLC now owns 1,464 shares of the company’s stock worth $69,000 after acquiring an additional 284 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $49.12 on Thursday. The business has a fifty day moving average price of $47.86 and a 200-day moving average price of $46.56. The company has a market capitalization of $16.41 billion, a PE ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $50.58.

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.