21,547 Shares in SPDR Portfolio Emerging Markets ETF $SPEM Purchased by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 21,547 shares of the company’s stock, valued at approximately $1,115,000.

Several other large investors have also recently made changes to their positions in SPEM. State Street Corp increased its holdings in SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after purchasing an additional 329,626 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth $130,375,000. Envestnet Portfolio Solutions Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 12.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock worth $109,932,000 after purchasing an additional 237,526 shares in the last quarter. Royal Bank of Canada lifted its stake in SPDR Portfolio Emerging Markets ETF by 8.1% during the first quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock worth $54,194,000 after purchasing an additional 86,967 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 30.3% during the second quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock worth $45,533,000 after buying an additional 204,270 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM traded up $0.80 during trading on Friday, reaching $48.22. The stock had a trading volume of 3,249,015 shares, compared to its average volume of 2,505,306. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The business’s 50-day moving average price is $51.42 and its 200-day moving average price is $50.71. The company has a market cap of $16.04 billion, a P/E ratio of 15.39 and a beta of 0.63.

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.