SPDR Portfolio Emerging Markets ETF $SPEM Shares Bought by Wrapmanager Inc.

Wrapmanager Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.1% during the second quarter, Holdings Channel.com reports. The firm owned 348,712 shares of the company’s stock after purchasing an additional 16,956 shares during the period. SPDR Portfolio Emerging Markets ETF makes up 3.6% of Wrapmanager Inc.’s holdings, making the stock its 5th biggest holding. Wrapmanager Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $14,904,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Knuff & Co LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $29,000. Brooklyn Investment Group purchased a new position in SPDR Portfolio Emerging Markets ETF during the first quarter worth about $32,000. Sachetta LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2,263.9% during the second quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after acquiring an additional 815 shares during the last quarter. Webster Bank N. A. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at about $40,000. Finally, Addison Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at approximately $49,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $47.44 on Friday. The firm has a market cap of $14.64 billion, a P/E ratio of 15.39 and a beta of 0.56. The firm’s 50 day moving average price is $46.96 and its 200-day moving average price is $44.13. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $48.56.

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.