Archer Investment Corp Boosts Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Archer Investment Corp raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 83.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,723 shares of the company’s stock after buying an additional 785 shares during the quarter. Archer Investment Corp’s holdings in SPDR Portfolio Emerging Markets ETF were worth $66,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 5.2% during the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after buying an additional 476,292 shares in the last quarter. Allworth Financial LP raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the 3rd quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after acquiring an additional 67,205 shares in the last quarter. State Street Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after acquiring an additional 591,019 shares in the last quarter. Assetmark Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.2% in the 3rd quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock valued at $91,333,000 after acquiring an additional 204,960 shares in the last quarter. Finally, Townsquare Capital LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock valued at $88,936,000 after acquiring an additional 132,008 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $39.17 on Friday. The stock has a market capitalization of $9.30 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.30 and a 1-year high of $42.88. The business has a 50-day moving average of $38.91 and a 200 day moving average of $39.18.

About SPDR Portfolio Emerging Markets ETF

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.