Riversedge Advisors LLC Grows Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Riversedge Advisors LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 115,481 shares of the company’s stock after purchasing an additional 1,238 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for 1.0% of Riversedge Advisors LLC’s holdings, making the stock its 23rd biggest position. Riversedge Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Archer Investment Corp bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $49,000. McClarren Financial Advisors Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 583.2% during the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after purchasing an additional 2,193 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $121,000. Finally, Abound Wealth Management increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 420.2% in the fourth quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock worth $131,000 after purchasing an additional 2,761 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM opened at $38.26 on Friday. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The firm’s fifty day moving average is $39.09 and its 200 day moving average is $39.17. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.72 and a fifty-two week 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.