Melone Private Wealth LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,712 shares of the company’s stock after purchasing an additional 12,335 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 3.6% of Melone Private Wealth LLC’s holdings, making the stock its 11th biggest position. Melone Private Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $9,147,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at $27,000. Robinswood Financial LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth $32,000. Brown Lisle Cummings Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth $53,000. Gould Capital LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth $59,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $66,000.
SPDR Portfolio Emerging Markets ETF Trading Down 1.3%
Shares of NYSEARCA:SPEM traded down $0.66 during midday trading on Friday, hitting $50.69. The stock had a trading volume of 1,725,308 shares, compared to its average volume of 2,518,503. The company has a market capitalization of $16.86 billion, a PE ratio of 15.39 and a beta of 0.61. The stock has a 50 day moving average price of $52.32 and a two-hundred day moving average price of $51.46. SPDR Portfolio Emerging Markets ETF has a 1 year low of $45.28 and a 1 year high of $53.54.
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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