Sowell Financial Services LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 116.8% in the third quarter, Holdings Channel reports. The fund owned 34,894 shares of the company’s stock after acquiring an additional 18,800 shares during the period. Sowell Financial Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,806,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in SPEM. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $27,000. Robinswood Financial LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $32,000. Align Financial LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $32,000. Gould Capital LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $59,000. Finally, Sachetta LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 145.9% during the 1st quarter. Sachetta LLC now owns 1,409 shares of the company’s stock valued at $66,000 after purchasing an additional 836 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Down 1.9%
NYSEARCA:SPEM opened at $48.47 on Friday. The firm has a market cap of $16.12 billion, a PE ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a 12 month low of $45.28 and a 12 month high of $53.54. The company’s 50-day moving average price is $51.83 and its two-hundred day moving average price is $50.72.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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