Private Advisor Group LLC Grows Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Private Advisor Group LLC raised its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,160,956 shares of the company’s stock after acquiring an additional 79,209 shares during the quarter. Private Advisor Group LLC owned approximately 0.49% of SPDR Portfolio Emerging Markets ETF worth $44,546,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 5.2% in the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after acquiring an additional 476,292 shares during the last quarter. Allworth Financial LP raised its position in shares of SPDR Portfolio Emerging Markets ETF by 3.0% in the fourth quarter. Allworth Financial LP now owns 6,486,557 shares of the company’s stock valued at $250,381,000 after purchasing an additional 189,092 shares during the period. State Street Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after purchasing an additional 591,019 shares during the period. Assetmark Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 10.2% in the third quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock valued at $91,333,000 after purchasing an additional 204,960 shares during the period. Finally, Townsquare Capital LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 6.5% in the third quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock valued at $88,936,000 after purchasing an additional 132,008 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 0.4 %

NYSEARCA SPEM opened at $40.17 on Wednesday. The company’s 50 day moving average is $38.86 and its 200-day moving average is $39.30. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The firm has a market cap of $9.54 billion, a P/E ratio of 13.05 and a beta of 0.81.

SPDR Portfolio Emerging Markets ETF 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.