SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 104.9% in the 3rd quarter, Holdings Channel reports. The firm owned 39,283 shares of the company’s stock after purchasing an additional 20,111 shares during the period. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,622,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Rothschild Investment LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $27,000. Lynx Investment Advisory acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $35,000. Hershey Financial Advisers LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $49,000. Strategic Financial Concepts LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 649.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after acquiring an additional 128,861 shares during the last quarter. Finally, American National Bank raised its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% in the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after acquiring an additional 1,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.7 %

SPEM stock opened at $40.67 on Thursday. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.16 and a 12 month high of $42.88. The firm has a 50-day moving average of $39.71 and a two-hundred day moving average of $38.30.

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.