Gateway Wealth Partners LLC Lowers Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Gateway Wealth Partners LLC decreased its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,082 shares of the company’s stock after selling 839 shares during the period. Gateway Wealth Partners LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 2.0% in the fourth quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after buying an additional 504,808 shares during the period. LPL Financial LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.4% in the second quarter. LPL Financial LLC now owns 9,167,986 shares of the company’s stock worth $345,358,000 after acquiring an additional 218,418 shares in the last quarter. TIAA Trust National Association lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.1% in the first quarter. TIAA Trust National Association now owns 5,419,849 shares of the company’s stock worth $196,144,000 after acquiring an additional 312,818 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after acquiring an additional 323,995 shares in the last quarter. Finally, Jane Street Group LLC lifted 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 acquiring an additional 747,277 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $41.26 on Tuesday. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $41.90. The business’s 50-day simple moving average is $38.25 and its 200 day simple moving average is $37.65. The stock has a market cap of $9.79 billion, a price-to-earnings 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.