Fmr LLC Grows Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Fmr LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 30.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,369 shares of the company’s stock after buying an additional 8,494 shares during the quarter. Fmr LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,501,000 as of its most recent SEC filing.

Other hedge funds have also recently 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 2nd quarter valued at approximately $27,000. Archer Investment Corp acquired a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth $39,000. Hershey Financial Advisers LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth $49,000. American National Bank raised its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% during 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. Finally, SouthState Corp acquired a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth $86,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $40.18 on Monday. The stock has a fifty day moving average price of $40.31 and a 200 day moving average price of $39.04. The stock has a market cap of $9.54 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.52 and a 1 year high of $42.88.

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.