Savvy Advisors Inc. Raises Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Savvy Advisors Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 155.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,965 shares of the company’s stock after purchasing an additional 68,805 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises about 0.9% of Savvy Advisors Inc.’s portfolio, making the stock its 20th biggest position. Savvy Advisors Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at approximately $27,000. Lynx Investment Advisory acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $35,000. Hershey Financial Advisers LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth $49,000. American National Bank lifted its position in SPDR Portfolio Emerging Markets ETF by 132.0% during the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares during the period. Finally, SouthState Corp acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $86,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $39.71 on Tuesday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.52 and a fifty-two week high of $42.88. The firm has a market capitalization of $9.43 billion, a PE ratio of 13.05 and a beta of 0.81. The stock’s 50-day simple moving average is $40.24 and its 200-day simple moving average is $38.73.

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.