Founders Financial Securities LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 86,962 shares of the company’s stock, valued at approximately $4,501,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPEM. Kelman Lazarov Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.3% in the 1st quarter. Kelman Lazarov Inc. now owns 6,272 shares of the company’s stock worth $294,000 after acquiring an additional 203 shares during the period. Paces Ferry Wealth Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 4.1% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 5,257 shares of the company’s stock worth $247,000 after acquiring an additional 206 shares during the last quarter. Kraft Davis & Associates LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 1.7% in the second quarter. Kraft Davis & Associates LLC now owns 12,406 shares of the company’s stock valued at $634,000 after purchasing an additional 207 shares during the period. United Asset Strategies Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.9% during the 1st quarter. United Asset Strategies Inc. now owns 24,806 shares of the company’s stock worth $1,164,000 after acquiring an additional 215 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 4.7% in the 1st quarter. D.A. Davidson & CO. now owns 5,175 shares of the company’s stock worth $243,000 after buying an additional 234 shares during the period.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of NYSEARCA:SPEM opened at $49.42 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $45.28 and a 1 year high of $53.54. The stock has a 50-day simple moving average of $51.90 and a 200-day simple moving average of $50.72. The stock has a market capitalization of $16.44 billion, a P/E ratio of 15.39 and a beta of 0.61.
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.
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