Balefire LLC Purchases New Shares in SPDR Portfolio Emerging Markets ETF $SPEM

Balefire LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 86,845 shares of the company’s stock, valued at approximately $4,495,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPEM. Ascentis Independent Advisors acquired a new stake in SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $27,000. Robinswood Financial LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at about $32,000. Manchester Capital Management LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 103.3% during 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 period. Brown Lisle Cummings Inc. bought a new position in SPDR Portfolio Emerging Markets ETF during the first quarter valued at about $53,000. Finally, Gould Capital LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $59,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM traded up $0.68 during trading on Friday, hitting $52.21. The company had a trading volume of 1,194,851 shares, compared to its average volume of 2,538,898. The business’s 50-day moving average is $52.33 and its 200 day moving average is $51.27. The company has a market cap of $17.62 billion, a P/E ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54.

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.