Edge Financial Advisors LLC purchased a new stake in SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM – Free Report) during the third quarter, Holdings Channel reports. The institutional investor purchased 37,149 shares of the company’s stock, valued at approximately $2,335,000. SPDR MSCI Emerging Markets StrategicFactors ETF comprises 2.1% of Edge Financial Advisors LLC’s investment portfolio, making the stock its 15th biggest position.
Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC grew its stake in SPDR MSCI Emerging Markets StrategicFactors ETF by 44.1% in the 1st quarter. Virtu Financial LLC now owns 10,343 shares of the company’s stock valued at $597,000 after acquiring an additional 3,167 shares during the period. Ariadne Wealth Management LP acquired a new stake in SPDR MSCI Emerging Markets StrategicFactors ETF in the 2nd quarter valued at $669,000. OmniStar Financial Group Inc. grew its stake in SPDR MSCI Emerging Markets StrategicFactors ETF by 16.4% in the 3rd quarter. OmniStar Financial Group Inc. now owns 15,665 shares of the company’s stock valued at $987,000 after acquiring an additional 2,210 shares during the period. Cabot Wealth Management Inc. grew its stake in SPDR MSCI Emerging Markets StrategicFactors ETF by 27.5% in the 2nd quarter. Cabot Wealth Management Inc. now owns 22,577 shares of the company’s stock valued at $1,320,000 after acquiring an additional 4,870 shares during the period. Finally, Premier Path Wealth Partners LLC lifted its holdings in SPDR MSCI Emerging Markets StrategicFactors ETF by 6.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 35,229 shares of the company’s stock valued at $2,059,000 after purchasing an additional 2,222 shares in the last quarter.
SPDR MSCI Emerging Markets StrategicFactors ETF Trading Down 0.7 %
QEMM stock traded down $0.41 during midday trading on Wednesday, reaching $60.85. The stock had a trading volume of 188 shares, compared to its average volume of 2,667. The company’s fifty day simple moving average is $61.28 and its 200 day simple moving average is $59.58. The company has a market cap of $47.16 million, a price-to-earnings ratio of 10.98 and a beta of 0.69. SPDR MSCI Emerging Markets StrategicFactors ETF has a 52-week low of $52.44 and a 52-week high of $64.52.
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.
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