Rinkey Investments Sells 82,753 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Rinkey Investments lowered its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 37.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,528 shares of the company’s stock after selling 82,753 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.7% of Rinkey Investments’ portfolio, making the stock its 18th largest holding. Rinkey Investments owned 0.06% of SPDR Portfolio Emerging Markets ETF worth $5,392,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPEM. Brooklyn FI LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 6,305.1% during the fourth quarter. Brooklyn FI LLC now owns 6,194,793 shares of the company’s stock valued at $249,018,000 after buying an additional 6,098,077 shares during the period. Raymond James Financial Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $76,342,000. BlueStem Wealth Partners LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $38,051,000. Bank of New York Mellon Corp raised its stake in 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 valued at $103,397,000 after purchasing an additional 740,980 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 12.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,899,908 shares of the company’s stock valued at $226,379,000 after purchasing an additional 634,469 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM opened at $39.09 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $42.88. The company has a fifty day moving average of $38.85 and a 200-day moving average of $39.28. The company has a market capitalization of $10.34 billion, a P/E ratio of 13.71 and a beta of 0.56.

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.