ShoreHaven Wealth Partners LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,700 shares of the company’s stock, valued at approximately $1,278,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after purchasing an additional 329,626 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 12.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after purchasing an additional 237,526 shares in the last quarter. Corient Private Wealth LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 16.5% during the fourth quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock valued at $61,784,000 after purchasing an additional 187,095 shares in the last quarter. Royal Bank of Canada lifted its position in SPDR Portfolio Emerging Markets ETF by 8.1% during the first quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock valued at $54,194,000 after purchasing an additional 86,967 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 8.1% during the first quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock valued at $52,532,000 after purchasing an additional 83,733 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Down 1.3%
SPEM stock opened at $50.69 on Friday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54. The firm has a market capitalization of $16.86 billion, a P/E ratio of 15.39 and a beta of 0.61. The company has a fifty day simple moving average of $52.32 and a two-hundred day simple moving average of $51.46.
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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