JDM Financial Group LLC Acquires 18,097 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

JDM Financial Group LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 310,231 shares of the company’s stock after acquiring an additional 18,097 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 3.0% of JDM Financial Group LLC’s investment portfolio, making the stock its 9th biggest holding. JDM Financial Group LLC owned 0.09% of SPDR Portfolio Emerging Markets ETF worth $14,553,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 20.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock valued at $743,082,000 after purchasing an additional 2,653,013 shares in the last quarter. LPL Financial LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 12.7% during the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after buying an additional 1,758,866 shares during the last quarter. HighTower Advisors LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 51.5% during the fourth quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock worth $122,933,000 after buying an additional 893,023 shares in the last quarter. State Street Corp grew its holdings in SPDR Portfolio Emerging Markets ETF by 23.1% during the fourth quarter. State Street Corp now owns 4,419,838 shares of the company’s stock worth $206,893,000 after buying an additional 830,465 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in SPDR Portfolio Emerging Markets ETF by 54.2% during the third quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock worth $107,703,000 after buying an additional 809,020 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 2.3%

NYSEARCA SPEM opened at $50.54 on Friday. The business has a fifty day simple moving average of $51.52 and a 200 day simple moving average of $50.16. SPDR Portfolio Emerging Markets ETF has a 12 month low of $42.66 and a 12 month high of $53.54. The firm has a market capitalization of $17.11 billion, a P/E ratio of 15.39 and a beta of 0.60.

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.