Rakuten Securities Inc. Makes New $61,000 Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Rakuten Securities Inc. acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,557 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Marathon Strategic Advisors LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.3% in the first quarter. Marathon Strategic Advisors LLC now owns 233,502 shares of the company’s stock worth $9,193,000 after buying an additional 5,149 shares in the last quarter. Mason & Associates Inc lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.8% in the first quarter. Mason & Associates Inc now owns 136,894 shares of the company’s stock worth $5,389,000 after buying an additional 2,397 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth approximately $391,000. Abound Wealth Management lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 36.3% in the first quarter. Abound Wealth Management now owns 4,658 shares of the company’s stock worth $183,000 after buying an additional 1,240 shares in the last quarter. Finally, Good Life Advisors LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.3% in the first quarter. Good Life Advisors LLC now owns 228,392 shares of the company’s stock worth $8,992,000 after buying an additional 5,078 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $41.94 on Wednesday. The firm’s 50 day moving average price is $40.39 and its 200-day moving average price is $39.54. The company has a market cap of $11.81 billion, a PE ratio of 14.73 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $42.88.

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.