Bank of New York Mellon Corp Purchases 7,547 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Bank of New York Mellon Corp increased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,008 shares of the company’s stock after purchasing an additional 7,547 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR Portfolio Emerging Markets ETF were worth $6,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SPEM. JPMorgan Chase & Co. grew its position in SPDR Portfolio Emerging Markets ETF by 71.8% in the first quarter. JPMorgan Chase & Co. now owns 144,187 shares of the company’s stock valued at $5,571,000 after acquiring an additional 60,258 shares during the period. US Bancorp DE boosted its stake in SPDR Portfolio Emerging Markets ETF by 346.8% in the first quarter. US Bancorp DE now owns 5,522 shares of the company’s stock worth $214,000 after purchasing an additional 4,286 shares in the last quarter. BlackRock Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 10.5% in the first quarter. BlackRock Inc. now owns 3,663 shares of the company’s stock worth $142,000 after purchasing an additional 349 shares in the last quarter. Blair William & Co. IL boosted its stake in SPDR Portfolio Emerging Markets ETF by 50.0% in the first quarter. Blair William & Co. IL now owns 80,447 shares of the company’s stock worth $3,108,000 after purchasing an additional 26,817 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in SPDR Portfolio Emerging Markets ETF by 13.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,700 shares of the company’s stock worth $568,000 after purchasing an additional 1,735 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPDR Portfolio Emerging Markets ETF stock opened at $34.97 on Tuesday. The firm has a market cap of $7.48 billion, a P/E ratio of 10.59 and a beta of 0.68. The business’s fifty day moving average is $33.53 and its two-hundred day moving average is $34.18. SPDR Portfolio Emerging Markets ETF has a 52 week low of $32.06 and a 52 week high of $36.44.

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.