Townsquare Capital LLC Acquires 132,008 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Townsquare Capital LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,154,446 shares of the company’s stock after purchasing an additional 132,008 shares during the period. SPDR Portfolio Emerging Markets ETF makes up approximately 1.1% of Townsquare Capital LLC’s investment portfolio, making the stock its 15th biggest holding. Townsquare Capital LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $88,936,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $219,000. Shum Financial Group Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth approximately $2,950,000. FMR LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 30.5% in the 3rd quarter. FMR LLC now owns 36,369 shares of the company’s stock worth $1,501,000 after buying an additional 8,494 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $245,000. Finally, Elios Financial Group Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $491,000.

SPDR Portfolio Emerging Markets ETF Trading Down 0.5 %

SPEM stock opened at $39.12 on Wednesday. The stock has a market cap of $9.29 billion, a P/E ratio of 13.05 and a beta of 0.81. The stock’s fifty day simple moving average is $40.52 and its two-hundred day simple moving average is $38.89. SPDR Portfolio Emerging Markets ETF has a 1-year low of $33.52 and a 1-year high of $42.88.

SPDR Portfolio Emerging Markets ETF Profile

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.