Legacy Solutions LLC Takes $2.59 Million Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Legacy Solutions LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 67,497 shares of the company’s stock, valued at approximately $2,590,000. SPDR Portfolio Emerging Markets ETF makes up 2.8% of Legacy Solutions LLC’s investment portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 5.2% during 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 last quarter. Allworth Financial LP lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.0% during the fourth quarter. Allworth Financial LP now owns 6,486,557 shares of the company’s stock worth $250,381,000 after purchasing an additional 189,092 shares in the last quarter. State Street Corp boosted its position 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 buying an additional 591,019 shares during the period. Assetmark Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.2% during the 3rd quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock valued at $91,333,000 after buying an additional 204,960 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 6.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock worth $88,936,000 after acquiring an additional 132,008 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $40.17 on Wednesday. The business’s 50-day simple moving average is $38.86 and its 200 day simple moving average is $39.30. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one 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.