Salomon & Ludwin LLC Purchases 13,747 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Salomon & Ludwin LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 40.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 47,501 shares of the company’s stock after purchasing an additional 13,747 shares during the quarter. Salomon & Ludwin LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,249,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sachetta LLC increased its position in SPDR Portfolio Emerging Markets ETF by 2,263.9% in the second quarter. Sachetta LLC now owns 851 shares of the company’s stock worth $36,000 after purchasing an additional 815 shares during the period. Webster Bank N. A. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $40,000. Addison Advisors LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $49,000. Blue Trust Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 539.1% during the 3rd quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock worth $57,000 after buying an additional 1,035 shares during the period. Finally, WFA of San Diego LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth approximately $58,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $46.81 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $48.56. The firm has a market capitalization of $14.45 billion, a P/E ratio of 15.39 and a beta of 0.56. The company’s 50 day simple moving average is $47.06 and its 200 day simple moving average is $45.48.

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.