Raleigh Capital Management Inc. Trims Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Raleigh Capital Management Inc. lessened its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 38.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,340 shares of the company’s stock after selling 54,060 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 1.6% of Raleigh Capital Management Inc.’s investment portfolio, making the stock its 7th biggest position. Raleigh Capital Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPEM. Knuff & Co LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $29,000. Brooklyn Investment Group bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at about $32,000. Wayfinding Financial LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at about $36,000. Tsfg LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 267.4% during the first quarter. Tsfg LLC now owns 992 shares of the company’s stock worth $39,000 after purchasing an additional 722 shares during the period. Finally, Webster Bank N. A. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth about $40,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $46.63 on Tuesday. The stock’s 50-day moving average is $44.79 and its 200 day moving average is $42.11. The company has a market cap of $13.57 billion, a PE ratio of 15.39 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $47.21.

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.