Ariadne Wealth Management LP Invests $669,000 in SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM)

Ariadne Wealth Management LP acquired a new stake in SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 11,444 shares of the company’s stock, valued at approximately $669,000.

Several other hedge funds also recently made changes to their positions in QEMM. Virtu Financial LLC bought a new position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the 4th quarter worth approximately $410,000. Cabot Wealth Management Inc. boosted its position in SPDR MSCI Emerging Markets StrategicFactors ETF by 27.5% in the second quarter. Cabot Wealth Management Inc. now owns 22,577 shares of the company’s stock valued at $1,320,000 after buying an additional 4,870 shares in the last quarter. Edge Financial Advisors LLC bought a new stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the first quarter worth about $1,322,000. Finally, Premier Path Wealth Partners LLC raised its position in SPDR MSCI Emerging Markets StrategicFactors ETF by 6.7% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 35,229 shares of the company’s stock worth $2,059,000 after purchasing an additional 2,222 shares during the last quarter.

SPDR MSCI Emerging Markets StrategicFactors ETF Stock Down 1.3 %

QEMM stock opened at $62.87 on Tuesday. The company’s fifty day simple moving average is $59.70 and its 200 day simple moving average is $58.88. SPDR MSCI Emerging Markets StrategicFactors ETF has a 12-month low of $52.20 and a 12-month high of $64.30. The firm has a market cap of $48.72 million, a price-to-earnings ratio of 10.98 and a beta of 0.69.

SPDR MSCI Emerging Markets StrategicFactors ETF Profile

The SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is an exchange-traded fund that is based on the MSCI EM Factor Mix A-Series (USD) index. The fund tracks an index of emerging-market securities equally-weighted between 3 sub-indexes that focus on value, minimum volatility and quality. QEMM was launched on Jun 4, 2014 and is managed by State Street.