Fortitude Financial LLC Grows Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Fortitude Financial LLC grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 38,247 shares of the company’s stock after acquiring an additional 288 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.4% of Fortitude Financial LLC’s investment portfolio, making the stock its 13th biggest holding. Fortitude Financial LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. LPL Financial LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 6.1% in the 1st quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock worth $421,513,000 after buying an additional 620,049 shares during the period. Allworth Financial LP lifted its holdings in SPDR Portfolio Emerging Markets ETF by 1.2% in the 1st quarter. Allworth Financial LP now owns 6,567,549 shares of the company’s stock worth $257,842,000 after buying an additional 80,992 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock worth $250,466,000 after buying an additional 461,936 shares during the period. TIAA Trust National Association lifted its holdings in SPDR Portfolio Emerging Markets ETF by 4.3% in the 1st quarter. TIAA Trust National Association now owns 6,065,716 shares of the company’s stock worth $238,807,000 after buying an additional 252,016 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,060,826 shares of the company’s stock worth $199,231,000 after buying an additional 33,522 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $46.11 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $46.12. The business’s 50 day moving average price is $43.97 and its two-hundred day moving average price is $41.49. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68.

SPDR Portfolio Emerging Markets ETF Company 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.