Bank of New York Mellon Corp Raises Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Bank of New York Mellon Corp grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 37.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,694,747 shares of the company’s stock after acquiring an additional 740,980 shares during the period. Bank of New York Mellon Corp owned about 1.14% of SPDR Portfolio Emerging Markets ETF worth $103,397,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Compass Planning Associates Inc purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $28,000. Archer Investment Corp purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth $39,000. Strategic Wealth Investment Group LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $46,000. Blue Trust Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 474.2% during the 4th quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after buying an additional 1,878 shares during the period. Finally, McClarren Financial Advisors Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 12.3% during the 4th quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock worth $110,000 after buying an additional 316 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $38.86 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66. The firm’s fifty day moving average price is $38.87 and its 200 day moving average price is $39.47.

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.