Raymond James Financial Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,989,622 shares of the company’s stock, valued at approximately $76,342,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Planning Associates Inc bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $28,000. Archer Investment Corp bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $39,000. Strategic Wealth Investment Group LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $46,000. SBI Securities Co. Ltd. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $64,000. Finally, Blue Trust Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 474.2% during the 4th quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock valued at $94,000 after purchasing an additional 1,878 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of SPDR Portfolio Emerging Markets ETF stock opened at $39.95 on Monday. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one year high of $42.88. The stock’s 50-day moving average is $38.93 and its 200 day moving average is $39.51. The firm has a market cap of $10.43 billion, a price-to-earnings 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.
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