Mercer Global Advisors Inc. ADV Decreases Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Mercer Global Advisors Inc. ADV lowered its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 23.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,969 shares of the company’s stock after selling 21,622 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,636,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $27,000. Lynx Investment Advisory acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $35,000. Strategic Financial Concepts LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 649.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after buying an additional 128,861 shares during the period. American National Bank lifted its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% in the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares in the last quarter. Finally, SouthState Corp purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $86,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $39.14 on Monday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $32.06 and a 1-year high of $39.32. The company has a market capitalization of $9.29 billion, a PE ratio of 13.05 and a beta of 0.81. The business has a 50-day moving average of $38.02 and a 200-day moving average of $37.49.

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.