Truist Financial Corp Boosts Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Truist Financial Corp raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 46,300 shares of the company’s stock after purchasing an additional 1,520 shares during the period. Truist Financial Corp’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Modera Wealth Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $244,000. Gateway Wealth Partners LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.9% in the third quarter. Gateway Wealth Partners LLC now owns 6,624 shares of the company’s stock worth $273,000 after purchasing an additional 542 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 34.8% during the 3rd quarter. Diversify Advisory Services LLC now owns 44,538 shares of the company’s stock valued at $1,824,000 after purchasing an additional 11,510 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $317,000. Finally, Better Money Decisions LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 1.6% in the 3rd quarter. Better Money Decisions LLC now owns 221,956 shares of the company’s stock worth $9,162,000 after buying an additional 3,593 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $40.07 on Thursday. The stock has a fifty day simple moving average of $38.88 and a two-hundred day simple moving average of $39.45. SPDR Portfolio Emerging Markets ETF has a 52-week low of $35.00 and a 52-week high of $42.88. The firm has a market capitalization of $10.46 billion, a PE ratio of 14.32 and a beta of 0.66.

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.