MBA Advisors LLC Buys 18,026 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

MBA Advisors LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,026 shares of the company’s stock, valued at approximately $933,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after purchasing an additional 329,626 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $130,375,000. Envestnet Portfolio Solutions Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 12.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock worth $109,932,000 after buying an additional 237,526 shares during the last quarter. Royal Bank of Canada lifted its position in SPDR Portfolio Emerging Markets ETF by 8.1% in the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock worth $54,194,000 after buying an additional 86,967 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 30.3% in the 2nd quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock worth $45,533,000 after buying an additional 204,270 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $48.64 on Tuesday. The firm has a market cap of $16.18 billion, a P/E ratio of 15.39 and a beta of 0.61. The stock has a 50 day simple moving average of $51.76 and a two-hundred day simple moving average of $50.72. SPDR Portfolio Emerging Markets ETF has a 1 year low of $45.28 and a 1 year high of $53.54.

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.