Lane & Associates LLC Lowers Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Lane & Associates LLC cut its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 38.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,772 shares of the company’s stock after selling 8,484 shares during the quarter. Lane & Associates LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $519,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPEM. Cetera Investment Advisers raised its holdings in SPDR Portfolio Emerging Markets ETF by 282.1% in the first quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock valued at $49,962,000 after buying an additional 1,019,272 shares during the period. Koss Olinger Consulting LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $30,376,000. Jane Street Group LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 44.4% during the 1st quarter. Jane Street Group LLC now owns 2,431,196 shares of the company’s stock valued at $87,985,000 after acquiring an additional 747,277 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 83.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock worth $59,488,000 after purchasing an additional 719,833 shares during the period. Finally, Wells Fargo & Company MN boosted its position in SPDR Portfolio Emerging Markets ETF by 38.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,491,923 shares of the company’s stock worth $88,239,000 after purchasing an additional 688,304 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $37.72 on Tuesday. The business’s 50-day moving average is $38.05 and its two-hundred day moving average is $37.31. The firm has a market capitalization of $8.95 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.06 and a 12 month high of $39.32.

SPDR Portfolio Emerging Markets ETF 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.