Black Diamond Financial LLC Invests $309,000 in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Black Diamond Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,061 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPEM. State Street Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after acquiring an additional 591,019 shares during the period. LPL Financial LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.2% in the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after acquiring an additional 476,292 shares during the period. Life Planning Partners Inc increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 3,737.0% in the fourth quarter. Life Planning Partners Inc now owns 431,778 shares of the company’s stock worth $16,567,000 after acquiring an additional 420,525 shares during the period. Tidal Investments LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth $13,246,000. Finally, Onyx Bridge Wealth Group LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 694.6% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 264,312 shares of the company’s stock worth $10,142,000 after acquiring an additional 231,050 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $40.35 on Monday. The company’s fifty day moving average price is $38.86 and its 200-day moving average price is $39.41. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88. The firm has a market capitalization of $10.54 billion, a P/E ratio of 14.32 and a beta of 0.66.

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.