Concourse Financial Group Securities Inc. Sells 2,486 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Concourse Financial Group Securities Inc. lowered its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 35.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,430 shares of the company’s stock after selling 2,486 shares during the period. Concourse Financial Group Securities Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Cetera Investment Advisers increased its stake in SPDR Portfolio Emerging Markets ETF by 282.1% in the 1st quarter. Cetera Investment Advisers now owns 1,380,536 shares of the company’s stock worth $49,962,000 after purchasing an additional 1,019,272 shares during the period. Koss Olinger Consulting LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $30,376,000. Jane Street Group LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 44.4% in the first quarter. Jane Street Group LLC now owns 2,431,196 shares of the company’s stock worth $87,985,000 after purchasing an additional 747,277 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 83.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,579,201 shares of the company’s stock worth $59,488,000 after purchasing an additional 719,833 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $16,671,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock opened at $41.25 on Friday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $32.06 and a 1-year high of $42.88. The business has a fifty day moving average price of $39.52 and a 200-day moving average price of $38.19. The stock has a market capitalization of $9.79 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.