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

HighTower Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 51.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,626,206 shares of the company’s stock after buying an additional 893,023 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $122,933,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.0% in the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock valued at $437,929,000 after buying an additional 94,029 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 7.1% in the third quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock valued at $325,188,000 after buying an additional 462,591 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock valued at $228,232,000 after buying an additional 279,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in SPDR Portfolio Emerging Markets ETF by 3.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,503,688 shares of the company’s stock valued at $164,008,000 after buying an additional 123,404 shares in the last quarter. Finally, 3EDGE Asset Management LP increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.7% in the third quarter. 3EDGE Asset Management LP now owns 3,235,624 shares of the company’s stock valued at $151,402,000 after buying an additional 53,100 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 1.0%

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $50.41 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $40.67 and a 12-month high of $53.03. The stock has a market cap of $17.28 billion, a PE ratio of 15.39 and a beta of 0.60. The company has a 50-day moving average of $49.19 and a two-hundred day moving average of $48.54.

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.