Prime Capital Investment Advisors LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 62,481 shares of the company’s stock, valued at approximately $3,234,000.
Several other hedge funds have also added to or reduced their stakes in SPEM. Isthmus Partners LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $16,291,000. State Street Corp boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd 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 during the last quarter. KFG Wealth Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $16,486,000. West Wealth Group LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $16,400,000. Finally, Impact Partnership Wealth LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 59.9% during the 1st quarter. Impact Partnership Wealth LLC now owns 785,788 shares of the company’s stock worth $36,861,000 after buying an additional 294,347 shares during the period.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of NYSEARCA:SPEM opened at $50.85 on Thursday. SPDR Portfolio Emerging Markets ETF has a one year low of $45.28 and a one year high of $53.54. The company has a 50 day moving average of $52.23 and a 200-day moving average of $51.58. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.
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.
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