Perigon Wealth Management LLC has significantly expanded its holdings in the SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by acquiring an additional 90,272 shares, marking a 42.4% increase during the third quarter of 2023. This move brings Perigon’s total ownership to 303,407 shares, valued at approximately $14,202,000 as per its latest filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also adjusted their positions in the ETF recently. Notably, Sachetta LLC increased its stake by an impressive 2,263.9% in the second quarter, now holding 851 shares worth around $36,000 after acquiring an additional 815 shares. Webster Bank N. A. entered the market with a new stake valued at about $40,000, while Addison Advisors LLC purchased a stake worth approximately $49,000 during the same period.
Blue Trust Inc. also made headlines, increasing its position in SPEM by 539.1% in the third quarter, now owning 1,227 shares valued at $57,000 after buying another 1,035 shares. Additionally, WFA of San Diego LLC acquired a new position in the ETF valued at around $58,000.
Market Performance and ETF Overview
As of Friday, SPEM opened at $46.97, reflecting a 0.5% increase. The ETF boasts a market capitalization of $14.50 billion, a price-to-earnings (PE) ratio of 15.39, and a beta of 0.56. Its 50-day moving average stands at $47.11, while the 200-day moving average is $45.38. Over the past year, SPEM has recorded a low of $34.38 and a high of $48.56.
The SPDR Portfolio Emerging Markets ETF, launched on March 19, 2007, tracks the S&P Emerging Markets BMI index, reflecting a diverse range of emerging market companies weighted by market capitalization. The fund is managed by State Street, a prominent player in the investment management industry.
For those interested in tracking institutional investments in SPEM, HoldingsChannel.com offers insights into the latest 13F filings and insider trades. Investors can also subscribe to MarketBeat.com’s daily newsletter for concise updates on news and analyst ratings related to the ETF and its peers.
