Riversedge Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund bought 105,776 shares of the company’s stock, valued at approximately $5,475,000. SPDR Portfolio Emerging Markets ETF makes up 0.7% of Riversedge Advisors LLC’s holdings, making the stock its 29th biggest position.
Several other hedge funds and other institutional investors also recently made changes to their positions in SPEM. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $27,000. Robinswood Financial LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $32,000. Manchester Capital Management LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 103.3% in the fourth quarter. Manchester Capital Management LLC now owns 1,053 shares of the company’s stock valued at $49,000 after acquiring an additional 535 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $53,000. Finally, Gould Capital LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $59,000.
SPDR Portfolio Emerging Markets ETF Price Performance
SPEM traded up $0.52 during trading on Friday, hitting $52.05. 614,859 shares of the stock traded hands, compared to its average volume of 2,535,724. The business has a 50 day moving average price of $52.33 and a 200 day moving average price of $51.27. SPDR Portfolio Emerging Markets ETF has a twelve month low of $45.28 and a twelve month high of $53.54. The company has a market cap of $17.56 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.
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.
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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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