Novem Group Acquires 57,253 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Novem Group acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 57,253 shares of the company’s stock, valued at approximately $2,963,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings 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 valued at $270,882,000 after purchasing an additional 329,626 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in 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 valued at $109,932,000 after buying an additional 237,526 shares during the last quarter. Corient Private Wealth LLC grew its position in SPDR Portfolio Emerging Markets ETF by 16.5% during the 4th quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock worth $61,784,000 after purchasing an additional 187,095 shares during the last quarter. Royal Bank of Canada grew its position in SPDR Portfolio Emerging Markets ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock worth $54,194,000 after purchasing an additional 86,967 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in SPDR Portfolio Emerging Markets ETF by 8.1% during the 1st quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock worth $52,532,000 after purchasing an additional 83,733 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM traded down $0.02 during trading on Monday, reaching $50.67. The company’s stock had a trading volume of 1,896,742 shares, compared to its average volume of 2,515,394. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a twelve month low of $45.28 and a twelve month high of $53.54. The business’s fifty day moving average price is $52.32 and its 200-day moving average price is $51.50.

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.