May Hill Capital LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 97.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 62,264 shares of the company’s stock after acquiring an additional 30,756 shares during the quarter. May Hill Capital LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,915,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% in the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock valued at $27,000 after buying an additional 589 shares during the last quarter. First Horizon Corp acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $29,000. Front Row Advisors LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 147.9% in the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after buying an additional 460 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $40,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $40,000.
SPDR Portfolio Emerging Markets ETF Stock Down 2.6%
Shares of NYSEARCA SPEM opened at $50.84 on Friday. The firm has a 50-day simple moving average of $49.07 and a 200-day simple moving average of $48.51. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 52 week low of $40.67 and a 52 week high of $53.03.
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.
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