WESCAP Management Group Inc. Reduces Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

WESCAP Management Group Inc. lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 21.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 39,386 shares of the company’s stock after selling 10,969 shares during the period. WESCAP Management Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,683,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Truist Financial Corp grew its stake in SPDR Portfolio Emerging Markets ETF by 10.1% in the 2nd quarter. Truist Financial Corp now owns 96,702 shares of the company’s stock worth $4,133,000 after acquiring an additional 8,909 shares during the period. Focus Financial Network Inc. grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.8% during the 2nd quarter. Focus Financial Network Inc. now owns 7,195 shares of the company’s stock valued at $307,000 after buying an additional 263 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth about $1,182,000. Goldman Sachs Group Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock valued at $4,126,000 after buying an additional 6,463 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $100,000.

SPDR Portfolio Emerging Markets ETF Trading Down 0.1%

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $47.23 on Friday. SPDR Portfolio Emerging Markets ETF has a twelve month low of $34.38 and a twelve month high of $48.56. The stock has a market cap of $14.58 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. The company has a fifty day moving average price of $46.69 and a 200 day moving average price of $43.88.

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.