SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Stake Lifted by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lifted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.6% during the first quarter, Holdings Channel reports. The institutional investor owned 360,698 shares of the company’s stock after buying an additional 22,324 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 1.0% of Woodmont Investment Counsel LLC’s investment portfolio, making the stock its 25th largest position. Woodmont Investment Counsel LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $14,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPEM. Tallon Kerry Patrick purchased a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $491,000. Brighton Jones LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $289,000. Truist Financial Corp increased its position in SPDR Portfolio Emerging Markets ETF by 3.4% during the fourth quarter. Truist Financial Corp now owns 46,300 shares of the company’s stock worth $1,777,000 after buying an additional 1,520 shares during the last quarter. Ieq Capital LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth $1,641,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at about $6,404,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $41.49 on Friday. The company’s fifty day moving average is $40.68 and its two-hundred day moving average is $39.58. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $42.88. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 14.73 and a beta of 0.56.

About SPDR Portfolio Emerging Markets ETF

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.