Independent Financial Group LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 54,428 shares of the company’s stock, valued at approximately $2,553,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $26,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth about $27,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $32,000. Front Row Advisors LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 147.9% in the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $37,000.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of SPEM opened at $50.19 on Friday. The company has a market capitalization of $16.99 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a one year low of $42.66 and a one year high of $53.54. The stock has a 50-day moving average price of $51.71 and a 200 day moving average price of $49.96.
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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