Diversified Enterprises LLC Buys 1,621 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Diversified Enterprises LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 8.6% in the fourth quarter, Holdings Channel reports. The fund owned 20,532 shares of the company’s stock after acquiring an additional 1,621 shares during the period. Diversified Enterprises LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPEM. Raymond James Financial Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $76,342,000. BlueStem Wealth Partners LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $38,051,000. Bank of New York Mellon Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 37.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after buying an additional 740,980 shares during the last quarter. State Street Corp raised its holdings 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 valued at $259,668,000 after buying an additional 591,019 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $19,872,000.

SPDR Portfolio Emerging Markets ETF Stock Up 1.9 %

SPDR Portfolio Emerging Markets ETF stock opened at $40.08 on Friday. The stock has a 50-day simple moving average of $39.04 and a 200 day simple moving average of $39.53. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67.

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.