PNC Financial Services Group Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,327 shares of the company’s stock after purchasing an additional 68,143 shares during the period. PNC Financial Services Group Inc. owned approximately 0.11% of SPDR Portfolio Emerging Markets ETF worth $14,289,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Knuff & Co LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth about $29,000. Brooklyn Investment Group acquired a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $32,000. Sachetta LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 2,263.9% in the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock worth $36,000 after acquiring an additional 815 shares during the period. Webster Bank N. A. purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $40,000. Finally, Addison Advisors LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $49,000.
SPDR Portfolio Emerging Markets ETF Stock Up 0.0%
SPEM opened at $47.45 on Friday. The firm’s 50 day moving average is $47.02 and its 200-day moving average is $44.22. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $48.56. The firm has a market capitalization of $14.65 billion, a P/E ratio of 15.39 and a beta of 0.56.
SPDR Portfolio Emerging Markets ETF Company 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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