Elm Partners Management LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 134.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 680,445 shares of the company’s stock after acquiring an additional 389,991 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up 1.7% of Elm Partners Management LLC’s holdings, making the stock its 15th largest holding. Elm Partners Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $29,082,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Knuff & Co LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $29,000. Brooklyn Investment Group bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $32,000. Sachetta LLC lifted its holdings 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 valued at $36,000 after buying an additional 815 shares during the period. Webster Bank N. A. bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $40,000. Finally, Wayfinding Financial LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $36,000.
SPDR Portfolio Emerging Markets ETF Price Performance
NYSEARCA SPEM opened at $47.58 on Friday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $48.56. The business’s fifty day moving average price is $46.42 and its 200-day moving average price is $43.59. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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