Synergy Asset Management LLC Makes New $244,000 Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Synergy Asset Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the second quarter, HoldingsChannel.com reports. The firm bought 5,700 shares of the company’s stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Knuff & Co LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $29,000. Brooklyn Investment Group purchased a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $32,000. Wayfinding Financial LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $36,000. Tsfg LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 267.4% in the first quarter. Tsfg LLC now owns 992 shares of the company’s stock valued at $39,000 after purchasing an additional 722 shares during the last quarter. Finally, Webster Bank N. A. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $40,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $47.35 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $47.44. The stock’s 50 day moving average price is $45.05 and its 200 day moving average price is $42.27. The firm has a market cap of $14.56 billion, a P/E ratio of 15.39 and a beta of 0.68.

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.