Triumph Capital Management Buys New Shares in SPDR Portfolio Emerging Markets ETF $SPEM

Triumph Capital Management purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, HoldingsChannel.com reports. The fund purchased 19,487 shares of the company’s stock, valued at approximately $1,009,000.

A number of other hedge funds have also recently made changes to their positions in SPEM. State Street Corp grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after buying an additional 329,626 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock worth $109,932,000 after acquiring an additional 237,526 shares during the last quarter. Mariner LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 7.8% in the fourth quarter. Mariner LLC now owns 1,811,376 shares of the company’s stock worth $84,791,000 after acquiring an additional 131,079 shares during the last quarter. Corient Private Wealth LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 16.5% in the fourth quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock worth $61,784,000 after acquiring an additional 187,095 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 8.1% during the first quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock valued at $54,194,000 after acquiring an additional 86,967 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 1.3%

Shares of NYSEARCA:SPEM traded down $0.69 on Wednesday, hitting $51.46. 2,144,360 shares of the company traded hands, compared to its average volume of 2,527,867. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54. The stock has a 50 day simple moving average of $52.37 and a 200-day simple moving average of $51.42. The company has a market cap of $17.29 billion, a PE ratio of 15.39 and a beta of 0.61.

About SPDR Portfolio Emerging Markets ETF

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.