Benjamin Edwards Inc. Invests $719,000 in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Benjamin Edwards Inc. acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, HoldingsChannel reports. The institutional investor acquired 17,412 shares of the company’s stock, valued at approximately $719,000.

Several other large investors have also recently made changes to their positions in SPEM. Rothschild Investment LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at approximately $27,000. Archer Investment Corp bought a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $49,000. Strategic Financial Concepts LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 649.3% during the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after acquiring an additional 128,861 shares during the last quarter. Finally, American National Bank grew its position in shares of SPDR Portfolio Emerging Markets ETF by 132.0% during the second quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after purchasing an additional 1,020 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $40.14 on Friday. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.52 and a 1 year high of $42.88. The stock’s 50 day simple moving average is $40.46 and its two-hundred day simple moving average is $38.96.

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.