Independent Advisor Alliance acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,082 shares of the company’s stock, valued at approximately $210,000.
A number of other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter worth approximately $27,000. Lynx Investment Advisory bought a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth $35,000. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at $39,000. Hershey Financial Advisers LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter valued at about $49,000. Finally, Strategic Financial Concepts LLC increased its position in SPDR Portfolio Emerging Markets ETF by 649.3% in the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after buying an additional 128,861 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Up 0.5 %
SPEM stock opened at $39.40 on Friday. The business’s 50-day moving average price is $40.55 and its 200-day moving average price is $38.91. The stock has a market cap of $9.35 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a twelve month low of $33.52 and a twelve month 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.
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