Riversedge Advisors LLC Makes New $5.47 Million Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Riversedge Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 105,776 shares of the company’s stock, valued at approximately $5,475,000. SPDR Portfolio Emerging Markets ETF accounts for 0.7% of Riversedge Advisors LLC’s portfolio, making the stock its 29th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings in SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after purchasing an additional 329,626 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 12.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock worth $109,932,000 after purchasing an additional 237,526 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.3% during the fourth quarter. Focus Partners Wealth now owns 2,209,880 shares of the company’s stock worth $103,255,000 after purchasing an additional 130,182 shares during the period. Mariner LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 7.8% in the fourth quarter. Mariner LLC now owns 1,811,376 shares of the company’s stock valued at $84,791,000 after buying an additional 131,079 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 16.5% in the fourth quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock valued at $61,784,000 after buying an additional 187,095 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock traded up $0.52 during trading on Friday, hitting $52.05. The company had a trading volume of 614,859 shares, compared to its average volume of 2,535,724. The firm has a market capitalization of $17.56 billion, a P/E ratio of 15.39 and a beta of 0.61. The stock’s 50-day moving average price is $52.33 and its 200 day moving average price is $51.27. SPDR Portfolio Emerging Markets ETF has a one year low of $45.28 and a one year high of $53.54.

SPDR Portfolio Emerging Markets ETF Company 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.