Absolute Capital Management LLC Acquires 2,459 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Absolute Capital Management LLC raised its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 36.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,265 shares of the company’s stock after acquiring an additional 2,459 shares during the period. Absolute Capital Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPEM. MBM Wealth Consultants LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at about $201,000. Watershed Private Wealth LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.1% in the third quarter. Watershed Private Wealth LLC now owns 39,546 shares of the company’s stock valued at $1,328,000 after buying an additional 1,561 shares during the period. Apeiron RIA LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 7.6% in the third quarter. Apeiron RIA LLC now owns 19,338 shares of the company’s stock valued at $649,000 after buying an additional 1,362 shares during the period. Ballentine Partners LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.5% in the third quarter. Ballentine Partners LLC now owns 551,835 shares of the company’s stock valued at $18,525,000 after buying an additional 13,614 shares during the period. Finally, ACT Advisors LLC. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $584,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $36.57 on Friday. The business has a 50 day moving average of $36.00 and a 200-day moving average of $34.90. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $37.06. The company has a market capitalization of $8.68 billion, a P/E ratio of 12.11 and a beta of 0.78.

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.