ACT Advisors LLC. Increases Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

ACT Advisors LLC. increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,863 shares of the company’s stock after purchasing an additional 348 shares during the quarter. ACT Advisors LLC.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $428,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Brooklyn FI LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 6,305.1% in the fourth quarter. Brooklyn FI LLC now owns 6,194,793 shares of the company’s stock valued at $249,018,000 after acquiring an additional 6,098,077 shares during the period. Raymond James Financial Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $76,342,000. BlueStem Wealth Partners LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $38,051,000. Bank of America Corp DE increased its position in SPDR Portfolio Emerging Markets ETF by 33.5% during the 4th quarter. Bank of America Corp DE now owns 2,956,916 shares of the company’s stock worth $113,457,000 after purchasing an additional 742,179 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in SPDR Portfolio Emerging Markets ETF by 37.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after buying an additional 740,980 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM opened at $41.66 on Thursday. The stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 14.73 and a beta of 0.56. The business has a 50-day moving average of $39.50 and a two-hundred day moving average of $39.35. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $42.88.

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.