SPDR Portfolio Emerging Markets ETF $SPEM Stake Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 15.2% in the 4th quarter, HoldingsChannel reports. The fund owned 663,516 shares of the company’s stock after selling 118,740 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR Portfolio Emerging Markets ETF were worth $31,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SPEM. Hantz Financial Services Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% in the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock valued at $27,000 after acquiring an additional 589 shares in the last quarter. First Horizon Corp bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $29,000. Front Row Advisors LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 147.9% in the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after acquiring an additional 460 shares in the last quarter. Signaturefd LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $40,000. Finally, International Assets Investment Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $40,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $50.84 on Monday. The firm has a 50 day simple moving average of $49.07 and a 200-day simple moving average of $48.51. The stock has a market capitalization of $17.43 billion, a PE ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 12-month low of $40.67 and a 12-month high of $53.03.

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.