Townsquare Capital LLC Decreases Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Townsquare Capital LLC lessened its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 51.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,332 shares of the company’s stock after selling 70,198 shares during the quarter. Townsquare Capital LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $289,000. AQR Capital Management LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 80.2% in the first quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock worth $1,236,000 after purchasing an additional 13,972 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 6.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock valued at $4,126,000 after purchasing an additional 6,463 shares during the period. Janney Montgomery Scott LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at approximately $1,182,000. Finally, Truist Financial Corp raised its position in SPDR Portfolio Emerging Markets ETF by 10.1% during the 2nd quarter. Truist Financial Corp now owns 96,702 shares of the company’s stock valued at $4,133,000 after purchasing an additional 8,909 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.3%

Shares of SPEM stock opened at $50.22 on Friday. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. The stock has a fifty day moving average of $47.63 and a 200 day moving average of $46.37. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $50.58.

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.