ProVise Management Group LLC Increases Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

ProVise Management Group LLC lifted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,419 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. ProVise Management Group LLC owned about 0.06% of SPDR Portfolio Emerging Markets ETF worth $5,273,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SPEM. Raymond James Financial Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $76,342,000. BlueStem Wealth Partners LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $38,051,000. Bank of New York Mellon Corp raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 37.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock worth $103,397,000 after purchasing an additional 740,980 shares during the last quarter. State Street Corp raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after purchasing an additional 591,019 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $19,872,000.

SPDR Portfolio Emerging Markets ETF Stock Down 0.4 %

Shares of NYSEARCA:SPEM opened at $40.47 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $35.00 and a 52-week high of $42.88. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67. The business has a 50-day moving average price of $39.12 and a 200-day moving average price of $39.57.

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.