83,786 Shares of SPDR Portfolio Emerging Markets ETF $SPEM Acquired by Ethic Inc.

Ethic Inc. acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, HoldingsChannel reports. The fund acquired 83,786 shares of the company’s stock, valued at approximately $4,337,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Verus Capital Partners LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth approximately $975,000. Tennessee Valley Asset Management Partners bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $1,115,000. Parallel Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $4,260,000. Asset Dedication LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $2,668,000. Finally, United Advisor Group LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 7.8% in the third quarter. United Advisor Group LLC now owns 24,864 shares of the company’s stock valued at $1,287,000 after purchasing an additional 1,796 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.4%

Shares of NYSEARCA SPEM opened at $49.18 on Wednesday. The stock has a fifty day simple moving average of $51.28 and a two-hundred day simple moving average of $50.71. SPDR Portfolio Emerging Markets ETF has a 1-year low of $45.28 and a 1-year high of $53.54. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 15.39 and a beta of 0.63.

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.