Novem Group Invests $1.24 Million in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Novem Group bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,180 shares of the company’s stock, valued at approximately $1,235,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPEM. Continuum Advisory LLC raised its position in SPDR Portfolio Emerging Markets ETF by 2.1% during the fourth quarter. Continuum Advisory LLC now owns 87,960 shares of the company’s stock worth $3,375,000 after acquiring an additional 1,846 shares in the last quarter. Vista Investment Management increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.6% during the 4th quarter. Vista Investment Management now owns 91,149 shares of the company’s stock worth $3,497,000 after purchasing an additional 516 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.7% in the 4th quarter. Waverly Advisors LLC now owns 144,229 shares of the company’s stock valued at $5,534,000 after purchasing an additional 2,371 shares during the period. Tidal Investments LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 6.5% in the 4th quarter. Tidal Investments LLC now owns 341,804 shares of the company’s stock valued at $13,115,000 after purchasing an additional 20,916 shares during the last quarter. Finally, Second Line Capital LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 1.5% during the fourth quarter. Second Line Capital LLC now owns 216,101 shares of the company’s stock worth $8,292,000 after purchasing an additional 3,180 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2%

Shares of NYSEARCA SPEM opened at $41.72 on Wednesday. The business’s 50 day moving average price is $39.22 and its two-hundred day moving average price is $39.25. The company has a market cap of $11.45 billion, a PE ratio of 14.73 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a twelve month low of $34.38 and a twelve month high of $42.88.

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.