Coign Capital Advisors LLC Takes $635,000 Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Coign Capital Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, HoldingsChannel reports. The fund bought 16,558 shares of the company’s stock, valued at approximately $635,000.

A number of other hedge funds have also made changes to their positions in SPEM. Headlands Technologies LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $26,000. IMG Wealth Management Inc. acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $27,000. Compass Planning Associates Inc bought a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $28,000. Strategic Wealth Investment Group LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $46,000. Finally, Bernard Wealth Management Corp. acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $50,000.

SPDR Portfolio Emerging Markets ETF Trading Down 1.3 %

Shares of SPEM stock opened at $36.46 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $42.88. The firm’s 50 day moving average is $39.17 and its 200-day moving average is $39.54. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 14.84 and a beta of 0.67.

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.