HighTower Advisors LLC Raises Stake in SPDR Portfolio Emerging Markets ETF $SPEM

HighTower Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 22.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,733,183 shares of the company’s stock after acquiring an additional 314,262 shares during the period. HighTower Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $81,130,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 3.3% in the 3rd quarter. CWM LLC now owns 2,263,731 shares of the company’s stock worth $105,965,000 after acquiring an additional 73,219 shares during the period. Addison Advisors LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth $49,000. Allworth Financial LP boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.9% in the second quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock valued at $285,892,000 after purchasing an additional 121,550 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 45.5% in the third quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock valued at $2,741,000 after purchasing an additional 18,303 shares during the period. Finally, Cerity Partners LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% during the 3rd quarter. Cerity Partners LLC now owns 2,688,945 shares of the company’s stock valued at $125,869,000 after purchasing an additional 18,041 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $50.26 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $34.38 and a 12-month high of $51.05. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. The firm’s fifty day moving average price is $48.37 and its 200 day moving average price is $46.95.

SPDR Portfolio Emerging Markets ETF Company 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.