NewEdge Advisors LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 2.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 675,090 shares of the company’s stock after acquiring an additional 17,081 shares during the period. NewEdge Advisors LLC owned 0.20% of SPDR Portfolio Emerging Markets ETF worth $31,669,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 20.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after buying an additional 2,653,013 shares during the period. LPL Financial LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 12.7% during the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after acquiring an additional 1,758,866 shares during the period. Allworth Financial LP grew its position in shares of SPDR Portfolio Emerging Markets ETF by 1.0% in the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock valued at $437,929,000 after purchasing an additional 94,029 shares during the last quarter. Morgan Stanley increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 9.8% in the fourth quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock worth $327,570,000 after purchasing an additional 622,595 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after purchasing an additional 279,126 shares during the period.
SPDR Portfolio Emerging Markets ETF Stock Up 1.0%
Shares of NYSEARCA:SPEM opened at $52.42 on Friday. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The business has a 50 day moving average price of $51.47 and a 200 day moving average price of $50.27. SPDR Portfolio Emerging Markets ETF has a twelve month low of $43.65 and a twelve month high of $53.54.
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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