Dravo Bay LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 73.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,552 shares of the company’s stock after acquiring an additional 7,035 shares during the period. Dravo Bay LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Compass Planning Associates Inc bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $28,000. Archer Investment Corp bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth about $39,000. Strategic Wealth Investment Group LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $46,000. SBI Securities Co. Ltd. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $64,000. Finally, Blue Trust Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 474.2% in the fourth quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after purchasing an additional 1,878 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Trading Down 0.8 %
NYSEARCA SPEM opened at $38.54 on Tuesday. The company’s 50-day moving average price is $38.87 and its 200-day moving average price is $39.48. The stock has a market cap of $10.06 billion, a PE ratio of 14.32 and a beta of 0.66. SPDR Portfolio Emerging Markets ETF has a 12 month low of $35.00 and a 12 month high of $42.88.
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.
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