Parallel Advisors LLC Boosts Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Parallel Advisors LLC grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 83.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,316 shares of the company’s stock after buying an additional 43,757 shares during the quarter. Parallel Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vicus Capital increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2.6% in the fourth quarter. Vicus Capital now owns 11,981 shares of the company’s stock valued at $460,000 after buying an additional 299 shares in the last quarter. Occidental Asset Management LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the fourth quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after acquiring an additional 312 shares during the last quarter. McClarren Financial Advisors Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 12.3% in the fourth quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock worth $110,000 after acquiring an additional 316 shares during the last quarter. Iams Wealth Management LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the fourth quarter. Iams Wealth Management LLC now owns 29,858 shares of the company’s stock worth $1,146,000 after acquiring an additional 330 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.8% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 18,744 shares of the company’s stock worth $719,000 after acquiring an additional 330 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $40.63 on Tuesday. The business’s 50 day moving average price is $39.08 and its 200-day moving average price is $39.56. The firm has a market capitalization of $10.74 billion, a PE ratio of 14.80 and a beta of 0.67. SPDR Portfolio Emerging Markets ETF has a 1 year low of $35.00 and a 1 year high of $42.88.

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.