Outlook Wealth Advisors LLC Sells 12,335 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Outlook Wealth Advisors LLC trimmed its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 31.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,270 shares of the company’s stock after selling 12,335 shares during the period. Outlook Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,166,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Addison Advisors LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth approximately $49,000. Allworth Financial LP boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.9% in the 2nd quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock worth $285,892,000 after buying an additional 121,550 shares during the last quarter. Truist Financial Corp grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.1% in the second 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. increased its position in SPDR Portfolio Emerging Markets ETF by 3.8% during the second quarter. Focus Financial Network Inc. now owns 7,195 shares of the company’s stock valued at $307,000 after acquiring an additional 263 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at about $1,182,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA:SPEM opened at $46.72 on Wednesday. The stock’s 50-day simple moving average is $47.08 and its two-hundred day simple moving average is $44.35. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $48.56.

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.