Perigon Wealth Management LLC has significantly increased its holdings in the SPDR Portfolio Emerging Markets ETF, acquiring an additional 90,272 shares during the third quarter of 2023. This acquisition represents a growth of 42.4%, bringing the total number of shares owned by the firm to 303,407. As of its latest filing with the Securities and Exchange Commission (SEC), these holdings are valued at approximately $14.2 million.
Multiple institutional investors have also made noteworthy adjustments to their positions in the SPDR Portfolio Emerging Markets ETF, identified by its ticker symbol SPEM. For instance, Sachetta LLC dramatically increased its stake by 2,263.9% in the second quarter, now owning 851 shares valued at about $36,000. Similarly, Webster Bank N.A. acquired a new stake during the same period, estimated at around $40,000.
Another notable adjustment came from Addison Advisors LLC, which purchased a new stake valued at approximately $49,000. Additionally, Blue Trust Inc. raised its position in the ETF by 539.1% during the most recent quarter, now holding 1,227 shares worth about $57,000 after buying an extra 1,035 shares. WFA of San Diego LLC also entered the market, acquiring a new position in the ETF worth around $58,000.
Current Market Performance of SPEM
As of Friday, SPDR Portfolio Emerging Markets ETF shares opened at $46.97. The fund has a market capitalization of $14.5 billion, a price-to-earnings ratio of 15.39, and a beta of 0.56. It has a 50-day moving average of $47.11 and a 200-day moving average of $45.38. Over the past year, the ETF has experienced a low of $34.38 and a high of $48.56.
The SPDR Portfolio Emerging Markets ETF, launched on March 19, 2007, seeks to track the performance of the S&P Emerging Markets BMI Index. This exchange-traded fund focuses on companies in emerging markets, weighted by market capitalization, and is managed by State Street.
For those interested in tracking institutional movements and holdings related to SPEM, resources such as HoldingsChannel.com provide detailed insights into recent 13F filings and insider trades.
The news reflects a broader interest in emerging markets as investors seek diversification and growth opportunities in a fluctuating global economy.
