Financial Advocates Investment Management Raises Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Advocates Investment Management increased its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 82,362 shares of the company’s stock after purchasing an additional 11,137 shares during the quarter. Financial Advocates Investment Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,160,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 5.2% during the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after purchasing an additional 476,292 shares in the last quarter. Allworth Financial LP lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the third quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after buying an additional 67,205 shares during the last quarter. State Street Corp grew its position in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after buying an additional 591,019 shares during the last quarter. Assetmark Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 10.2% in the 3rd quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock worth $91,333,000 after buying an additional 204,960 shares during the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock worth $88,936,000 after acquiring an additional 132,008 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2 %

Shares of SPEM opened at $39.04 on Thursday. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a twelve month low of $34.30 and a twelve month high of $42.88. The company has a 50 day moving average of $38.92 and a two-hundred day moving average of $39.18.

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.