Sowell Financial Services LLC Acquires 53,695 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Sowell Financial Services LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 333.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,789 shares of the company’s stock after acquiring an additional 53,695 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,612,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in SPDR Portfolio Emerging Markets ETF by 6.7% in the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after acquiring an additional 329,626 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after purchasing an additional 237,526 shares during the last quarter. Royal Bank of Canada raised its position in shares of SPDR Portfolio Emerging Markets ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock worth $54,194,000 after purchasing an additional 86,967 shares during the period. Private Advisor Group LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 8.1% during the 1st quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock worth $52,532,000 after purchasing an additional 83,733 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 30.3% during the 2nd quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock worth $45,533,000 after purchasing an additional 204,270 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Down 0.1%

Shares of NYSEARCA SPEM opened at $50.85 on Thursday. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a 12-month low of $45.28 and a 12-month high of $53.54. The stock’s 50 day simple moving average is $52.23 and its 200 day simple moving average is $51.58.

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.