Cercano Management LLC Buys New Position in SPDR Portfolio Emerging Markets ETF $SPEM

Cercano Management LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,275 shares of the company’s stock, valued at approximately $1,511,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% during the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock worth $27,000 after acquiring an additional 589 shares during the last quarter. First Horizon Corp purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $29,000. Stone House Investment Management LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth $40,000. Addison Advisors LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth $49,000. Finally, Blue Trust Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 539.1% during the third quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock worth $57,000 after buying an additional 1,035 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $50.28 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $51.05. The firm’s fifty day moving average price is $48.44 and its 200 day moving average price is $47.00. The firm has a market cap of $16.79 billion, a price-to-earnings 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.