Elm Partners Management LLC Raises Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Elm Partners Management LLC grew its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 709,547 shares of the company’s stock after purchasing an additional 29,102 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for 1.7% of Elm Partners Management LLC’s portfolio, making the stock its 17th biggest position. Elm Partners Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $33,214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at $289,000. AQR Capital Management LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 80.2% in the 1st 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 last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.6% in the 1st 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 last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $1,182,000. Finally, Truist Financial Corp grew its stake in SPDR Portfolio Emerging Markets ETF by 10.1% during the 2nd quarter. Truist Financial Corp now owns 96,702 shares of the company’s stock worth $4,133,000 after buying an additional 8,909 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.5%

SPEM opened at $49.47 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $50.58. The business’s 50 day moving average is $47.76 and its two-hundred day moving average is $46.50. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

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.