Lodestar Private Asset Management LLC Raises Position in SPDR Portfolio Emerging Markets ETF $SPEM

Lodestar Private Asset Management LLC increased its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 208.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,085 shares of the company’s stock after purchasing an additional 11,549 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $801,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SPEM. Canal Capital Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 6.4% during the first quarter. Canal Capital Management LLC now owns 19,157 shares of the company’s stock valued at $899,000 after purchasing an additional 1,146 shares during the period. Private Advisor Group LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the first quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock valued at $52,532,000 after buying an additional 83,733 shares during the period. Optas LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.3% in the first quarter. Optas LLC now owns 90,890 shares of the company’s stock valued at $4,264,000 after buying an additional 286 shares during the period. Sound Income Strategies LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 39.6% during the 1st quarter. Sound Income Strategies LLC now owns 15,624 shares of the company’s stock valued at $735,000 after buying an additional 4,431 shares during the last quarter. Finally, Stevens Capital Partners lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 174.8% during the 1st quarter. Stevens Capital Partners now owns 31,262 shares of the company’s stock valued at $1,466,000 after buying an additional 19,886 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $51.12 on Friday. The company has a market capitalization of $17.25 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $42.61 and a fifty-two week high of $53.54. The stock has a fifty day moving average of $51.73 and a 200-day moving average of $49.64.

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.