Ascent Group LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the third quarter, Holdings Channel reports. The institutional investor purchased 35,402 shares of the company’s stock, valued at approximately $1,832,000.
Several other institutional investors also recently made changes to their positions in the stock. Elwood & Goetz Wealth Advisory Group LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $3,195,000. Ervin Investment Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth about $4,938,000. Quantinno Capital Management LP raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 25.5% in the first quarter. Quantinno Capital Management LP now owns 79,830 shares of the company’s stock worth $3,745,000 after buying an additional 16,232 shares during the last quarter. Gateway Wealth Partners LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 107.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 163,531 shares of the company’s stock valued at $7,671,000 after acquiring an additional 84,601 shares in the last quarter. Finally, SMART Wealth LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $4,391,000.
SPDR Portfolio Emerging Markets ETF Price Performance
SPEM opened at $48.22 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $45.28 and a 12-month high of $53.54. The stock has a market capitalization of $16.04 billion, a PE ratio of 15.39 and a beta of 0.63. The firm’s fifty day moving average price is $51.42 and its 200 day moving average price is $50.71.
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.
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