First Trust Direct Indexing L.P. Buys 2,142 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

First Trust Direct Indexing L.P. grew its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 24.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,879 shares of the company’s stock after acquiring an additional 2,142 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $449,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $27,000. Lynx Investment Advisory purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $35,000. Hershey Financial Advisers LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $49,000. Strategic Financial Concepts LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 649.3% in the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after purchasing an additional 128,861 shares during the last quarter. Finally, American National Bank raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 132.0% in the second quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPDR Portfolio Emerging Markets ETF stock opened at $40.25 on Monday. The stock has a market cap of $9.56 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a one year low of $32.99 and a one year high of $42.88. The stock has a fifty day moving average of $39.98 and a 200 day moving average of $38.52.

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.