Thrivent Financial for Lutherans Trims Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Thrivent Financial for Lutherans lessened its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 35.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 590,949 shares of the company’s stock after selling 329,127 shares during the period. Thrivent Financial for Lutherans owned about 0.25% of SPDR Portfolio Emerging Markets ETF worth $24,394,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SPEM. LPL Financial LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.4% in the 2nd quarter. LPL Financial LLC now owns 9,167,986 shares of the company’s stock worth $345,358,000 after buying an additional 218,418 shares during the period. Allworth Financial LP raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the third quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after acquiring an additional 67,205 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in 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 during the period. Jane Street Group LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 44.4% during the 1st 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. Finally, Bank of New York Mellon Corp increased its position in SPDR Portfolio Emerging Markets ETF by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,283,140 shares of the company’s stock valued at $86,006,000 after purchasing an additional 31,453 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $39.44 on Wednesday. The firm has a 50-day simple moving average of $40.38 and a 200-day simple moving average of $38.82. SPDR Portfolio Emerging Markets ETF has a one year low of $33.52 and a one year high of $42.88. The firm has a market cap of $9.36 billion, a P/E 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.