SPDR Portfolio Emerging Markets ETF $SPEM Shares Newly Acquired by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 348,756 shares of the company’s stock, valued at approximately $18,052,000. SPDR Portfolio Emerging Markets ETF comprises about 0.7% of Flagship Harbor Advisors LLC’s investment portfolio, making the stock its 29th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in SPDR Portfolio Emerging Markets ETF by 6.7% in the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after purchasing 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% during 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. Royal Bank of Canada grew its stake 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 buying an additional 86,967 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the first quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock worth $52,532,000 after buying an additional 83,733 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 30.3% in the second quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock worth $45,533,000 after buying an additional 204,270 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $49.36 on Tuesday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. The business’s 50 day moving average price is $52.11 and its 200-day moving average price is $50.69.

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.