Royal Bank of Canada Acquires 115,140 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Royal Bank of Canada boosted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 11.7% during the fourth quarter, HoldingsChannel reports. The fund owned 1,097,891 shares of the company’s stock after buying an additional 115,140 shares during the quarter. Royal Bank of Canada’s holdings in SPDR Portfolio Emerging Markets ETF were worth $42,126,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pathstone Holdings LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 0.7% in the 4th quarter. Pathstone Holdings LLC now owns 808,126 shares of the company’s stock valued at $31,008,000 after acquiring an additional 5,663 shares during the period. Obsidian Personal Planning Solutions LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 6.5% in the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 142,746 shares of the company’s stock valued at $5,529,000 after acquiring an additional 8,712 shares during the period. Guardian Wealth Advisors LLC NC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $197,000. Focus Partners Wealth raised its stake in SPDR Portfolio Emerging Markets ETF by 32.5% in the 4th quarter. Focus Partners Wealth now owns 1,861,650 shares of the company’s stock valued at $71,432,000 after acquiring an additional 456,746 shares during the period. Finally, Diligent Investors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 3.4% in the 4th quarter. Diligent Investors LLC now owns 49,752 shares of the company’s stock valued at $1,909,000 after acquiring an additional 1,638 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $41.59 on Thursday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $42.88. The stock’s 50-day simple moving average is $39.25 and its 200 day simple moving average is $39.27. The stock has a market capitalization of $11.42 billion, a P/E ratio of 14.73 and a beta of 0.56.

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.