Rede Wealth LLC Buys New Shares in SPDR Portfolio Emerging Markets ETF $SPEM

Rede Wealth LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,331 shares of the company’s stock, valued at approximately $811,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPEM. Brighton Jones LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at $289,000. AQR Capital Management LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 80.2% in the first quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock valued at $1,236,000 after purchasing an additional 13,972 shares during the period. Goldman Sachs Group Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 6.6% in the first quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock valued at $4,126,000 after purchasing an additional 6,463 shares during the period. First Trust Advisors LP boosted its holdings in SPDR Portfolio Emerging Markets ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 9,682 shares of the company’s stock valued at $414,000 after purchasing an additional 263 shares during the period. Finally, Marshall Wace LLP purchased a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at $768,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.8%

NYSEARCA:SPEM opened at $49.69 on Tuesday. The firm has a market cap of $17.03 billion, a PE ratio of 15.39 and a beta of 0.57. The stock has a fifty day moving average price of $48.52 and a 200 day moving average price of $47.85. SPDR Portfolio Emerging Markets ETF has a 12-month low of $37.26 and a 12-month high of $51.35.

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.