Rede Wealth LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 22.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,804 shares of the company’s stock after purchasing an additional 3,036 shares during the period. Rede Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $718,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of SPEM. Knuff & Co LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $32,000. Wayfinding Financial LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $36,000. Sachetta LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 2,263.9% during the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock worth $36,000 after purchasing an additional 815 shares during the last quarter. Finally, Webster Bank N. A. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $40,000.
SPDR Portfolio Emerging Markets ETF Stock Down 0.5%
Shares of SPEM stock opened at $47.58 on Friday. The company has a 50 day moving average of $46.42 and a 200-day moving average of $43.55. SPDR Portfolio Emerging Markets ETF has a 12-month low of $34.38 and a 12-month high of $48.56. The firm has a market cap of $14.63 billion, a P/E ratio of 15.39 and a beta of 0.56.
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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