HighTower Advisors LLC Grows Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

HighTower Advisors LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 51.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,626,206 shares of the company’s stock after purchasing an additional 893,023 shares during the period. HighTower Advisors LLC owned approximately 0.79% of SPDR Portfolio Emerging Markets ETF worth $122,933,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 2.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,162,944 shares of the company’s stock worth $101,247,000 after purchasing an additional 58,577 shares in the last quarter. Gambit Capital Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $385,000. Lutz Financial Services LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $226,000. Cascade Financial Partners LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 4.1% during the fourth quarter. Cascade Financial Partners LLC now owns 234,889 shares of the company’s stock worth $10,995,000 after purchasing an additional 9,185 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 1.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 189,201 shares of the company’s stock worth $8,856,000 after purchasing an additional 3,316 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 1.0%

NYSEARCA SPEM opened at $50.41 on Wednesday. The firm has a 50-day moving average price of $49.19 and a 200 day moving average price of $48.54. The stock has a market capitalization of $17.28 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 52-week low of $40.67 and a 52-week high of $53.03.

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.