135,030 Shares of SPDR Portfolio Emerging Markets ETF $SPEM Bought by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 135,030 shares of the company’s stock, valued at approximately $6,989,000. SPDR Portfolio Emerging Markets ETF accounts for about 2.2% of Raleigh Capital Management Inc.’s holdings, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPEM. State Street Corp grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after purchasing an additional 329,626 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $130,375,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after purchasing an additional 237,526 shares during the period. Royal Bank of Canada increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the first quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock valued at $54,194,000 after purchasing an additional 86,967 shares during the period. Finally, Private Advisor Group LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.1% during the first quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock worth $52,532,000 after purchasing an additional 83,733 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $48.47 on Friday. The stock has a fifty day moving average price of $51.83 and a 200 day moving average price of $50.72. SPDR Portfolio Emerging Markets ETF has a 1-year low of $45.28 and a 1-year high of $53.54. The company has a market cap of $16.12 billion, a PE ratio of 15.39 and a beta of 0.61.

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.