NewEdge Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 30.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 879,360 shares of the company’s stock after purchasing an additional 204,270 shares during the quarter. NewEdge Advisors LLC owned about 0.26% of SPDR Portfolio Emerging Markets ETF worth $45,533,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $26,000. Ascentis Independent Advisors acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at about $27,000. Robinswood Financial LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth about $32,000. Safe Harbor Fiduciary LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $32,000. Finally, Front Row Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Trading Down 0.6%
SPEM opened at $52.97 on Thursday. SPDR Portfolio Emerging Markets ETF has a twelve month low of $45.28 and a twelve month high of $53.54. The firm has a market capitalization of $17.93 billion, a PE ratio of 15.39 and a beta of 0.61. The firm’s 50-day moving average price is $51.76 and its 200 day moving average price is $50.73.
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.
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