Norden Group LLC Increases Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Norden Group LLC increased its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,510 shares of the company’s stock after acquiring an additional 1,087 shares during the period. Norden Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. lifted its position in SPDR Portfolio Emerging Markets ETF by 24.5% during the third quarter. First Trust Direct Indexing L.P. now owns 10,879 shares of the company’s stock valued at $449,000 after buying an additional 2,142 shares during the period. Focus Financial Network Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 14.1% during the third quarter. Focus Financial Network Inc. now owns 6,906 shares of the company’s stock valued at $285,000 after buying an additional 854 shares during the period. Ground Swell Capital LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at $388,000. Chaney Capital Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 85.6% during the third quarter. Chaney Capital Management Inc. now owns 324,099 shares of the company’s stock valued at $13,379,000 after buying an additional 149,489 shares during the period. Finally, Landmark Wealth Management LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 5.3% during the third quarter. Landmark Wealth Management LLC now owns 7,704 shares of the company’s stock valued at $318,000 after buying an additional 391 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $38.54 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88. The business has a fifty day moving average price of $38.87 and a 200-day moving average price of $39.48. The company has a market capitalization of $10.06 billion, a PE ratio of 14.32 and a beta of 0.66.

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.