Cypress Wealth Services LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 101,983 shares of the company’s stock, valued at approximately $5,390,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth about $2,150,000. Vericrest Private Wealth bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $695,000. Axxcess Wealth Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $3,209,000. USAdvisors Wealth Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $928,000. Finally, Kraft Davis & Associates LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $596,000.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of SPDR Portfolio Emerging Markets ETF stock opened at $50.85 on Thursday. The firm has a market cap of $16.91 billion, a P/E ratio of 15.39 and a beta of 0.61. The firm has a 50 day simple moving average of $52.23 and a 200 day simple moving average of $51.58. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54.
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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