2,295 Shares in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Acquired by SouthState Corp

SouthState Corp purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,295 shares of the company’s stock, valued at approximately $86,000.

A number of other institutional investors have also added to or reduced their stakes in SPEM. Rothschild Investment LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at about $27,000. American National Bank grew its holdings in SPDR Portfolio Emerging Markets ETF by 179.0% during the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after buying an additional 519 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $32,000. Lynx Investment Advisory purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $35,000. Finally, LRI Investments LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at approximately $101,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $37.44 on Friday. The firm has a fifty day moving average price of $38.05 and a 200 day moving average price of $37.27. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $32.06 and a fifty-two week high of $39.32. The firm has a market cap of $8.89 billion, a PE ratio of 13.05 and a beta of 0.81.

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.