Balefire LLC Buys New Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Balefire LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,845 shares of the company’s stock, valued at approximately $4,495,000.

Other institutional investors have also modified their holdings of the company. Riversedge Advisors LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at $5,475,000. Delta Wealth Advisors LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 1.5% in the third quarter. Delta Wealth Advisors LLC now owns 156,274 shares of the company’s stock valued at $8,089,000 after purchasing an additional 2,290 shares during the period. Cadent Capital Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $2,773,000. McNaughton Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $1,703,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth about $1,149,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock traded up $0.68 during midday trading on Friday, hitting $52.21. The company had a trading volume of 1,194,851 shares, compared to its average volume of 2,538,898. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. The company’s 50 day simple moving average is $52.33 and its 200 day simple moving average is $51.27. SPDR Portfolio Emerging Markets ETF has a 52-week low of $45.28 and a 52-week high of $53.54.

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.