Northwestern Mutual Wealth Management Co. Decreases Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,968,542 shares of the company’s stock after selling 1,560 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 1.25% of SPDR Portfolio Emerging Markets ETF worth $111,825,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Rothschild Investment LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth $35,000. American National Bank grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 132.0% during the second quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after buying an additional 1,020 shares during the last quarter. SouthState Corp purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at $86,000. Finally, LRI Investments LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at $106,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $41.66 on Friday. The business has a fifty day moving average of $38.25 and a 200 day moving average of $37.63. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $41.90.

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.