SPDR Portfolio Emerging Markets ETF $SPEM Shares Newly Acquired by Summit Global Investments

Summit Global Investments purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 244,870 shares of the company’s stock, valued at approximately $12,674,000. SPDR Portfolio Emerging Markets ETF makes up 0.6% of Summit Global Investments’ investment portfolio, making the stock its 20th largest position.

Other institutional investors have also made changes to their positions in the company. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at approximately $27,000. Robinswood Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth approximately $32,000. Align Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the third quarter worth approximately $32,000. Independence Bank of Kentucky bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $35,000. Finally, Gould Capital LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $59,000.

SPDR Portfolio Emerging Markets ETF Stock Down 1.9%

NYSEARCA SPEM opened at $48.47 on Friday. The stock has a market capitalization of $16.12 billion, a PE ratio of 15.39 and a beta of 0.61. The company has a 50 day moving average price of $51.83 and a two-hundred day moving average price of $50.72. SPDR Portfolio Emerging Markets ETF has a 12-month low of $45.28 and a 12-month high of $53.54.

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.