SPDR Portfolio Emerging Markets ETF $SPEM Shares Bought by Cercano Management LLC

Cercano Management LLC raised its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1,889.5% in the fourth quarter, HoldingsChannel reports. The fund owned 642,100 shares of the company’s stock after purchasing an additional 609,825 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.2% of Cercano Management LLC’s investment portfolio, making the stock its 16th largest holding. Cercano Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $30,057,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SPEM. River Street Advisors LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock worth $567,000 after buying an additional 209 shares during the period. Kraft Davis & Associates LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the 4th quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock worth $240,000 after buying an additional 213 shares during the period. Captrust Financial Advisors raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the 3rd quarter. Captrust Financial Advisors now owns 32,698 shares of the company’s stock worth $1,531,000 after buying an additional 222 shares during the period. Greystone Financial Group LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. Greystone Financial Group LLC now owns 13,691 shares of the company’s stock worth $641,000 after buying an additional 237 shares during the period. Finally, Urban Financial Advisory Corp raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.5% during the 4th quarter. Urban Financial Advisory Corp now owns 9,962 shares of the company’s stock worth $466,000 after buying an additional 239 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $52.74 on Tuesday. The company has a market cap of $18.08 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The stock has a 50 day simple moving average of $49.98 and a 200-day simple moving average of $48.83. SPDR Portfolio Emerging Markets ETF has a 1-year low of $40.83 and a 1-year high of $53.04.

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.