244,870 Shares in SPDR Portfolio Emerging Markets ETF $SPEM Acquired by Summit Global Investments

Summit Global Investments acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 244,870 shares of the company’s stock, valued at approximately $12,674,000. SPDR Portfolio Emerging Markets ETF makes up approximately 0.6% of Summit Global Investments’ investment portfolio, making the stock its 20th largest holding. Summit Global Investments owned 0.07% of SPDR Portfolio Emerging Markets ETF at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Elwood & Goetz Wealth Advisory Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $3,195,000. Ervin Investment Management LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $4,938,000. Quantinno Capital Management LP increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 25.5% in the 1st quarter. Quantinno Capital Management LP now owns 79,830 shares of the company’s stock valued at $3,745,000 after purchasing an additional 16,232 shares during the period. Gateway Wealth Partners LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 107.2% in the first quarter. Gateway Wealth Partners LLC now owns 163,531 shares of the company’s stock worth $7,671,000 after purchasing an additional 84,601 shares in the last quarter. Finally, SMART Wealth LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth approximately $4,391,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $48.47 on Friday. The stock has a market cap of $16.12 billion, a P/E ratio of 15.39 and a beta of 0.61. The firm has a 50 day simple moving average of $51.83 and a 200 day simple moving average of $50.72. 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.