Fortitude Financial LLC Takes $1.84 Million Position in SPDR Portfolio Emerging Markets ETF $SPEM

Fortitude Financial LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,275 shares of the company’s stock, valued at approximately $1,838,000. SPDR Portfolio Emerging Markets ETF comprises 1.6% of Fortitude Financial LLC’s investment portfolio, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $289,000. AQR Capital Management LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 80.2% during the first quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock worth $1,236,000 after purchasing an additional 13,972 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock worth $4,126,000 after purchasing an additional 6,463 shares during the period. First Trust Advisors LP grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 9,682 shares of the company’s stock worth $414,000 after purchasing an additional 263 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $768,000.

SPDR Portfolio Emerging Markets ETF Trading Up 1.7%

NYSEARCA:SPEM traded up $0.84 during trading hours on Friday, hitting $51.36. 2,342,816 shares of the company were exchanged, compared to its average volume of 3,510,932. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 15.39 and a beta of 0.57. SPDR Portfolio Emerging Markets ETF has a one year low of $37.46 and a one year high of $51.75. The company has a fifty day simple moving average of $48.63 and a 200 day simple moving average of $47.96.

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.