Fortitude Financial LLC Buys New Position in SPDR Portfolio Emerging Markets ETF $SPEM

Fortitude Financial LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 39,275 shares of the company’s stock, valued at approximately $1,838,000. SPDR Portfolio Emerging Markets ETF comprises 1.6% of Fortitude Financial LLC’s investment portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 2,031.0% during the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock worth $27,000 after buying an additional 589 shares during the last quarter. First Horizon Corp acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $29,000. Front Row Advisors LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 147.9% in the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $40,000. Finally, Signaturefd LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $40,000.

SPDR Portfolio Emerging Markets ETF Trading Up 1.7%

NYSEARCA SPEM traded up $0.84 during trading hours on Friday, hitting $51.36. 2,342,816 shares of the company’s stock were exchanged, compared to its average volume of 3,510,932. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 15.39 and a beta of 0.57. The stock has a 50-day simple moving average of $48.63 and a 200 day simple moving average of $47.96. SPDR Portfolio Emerging Markets ETF has a 1-year low of $37.46 and a 1-year high of $51.75.

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.