Asset Dedication LLC Acquires 51,552 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Asset Dedication LLC bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, Holdings Channel reports. The institutional investor bought 51,552 shares of the company’s stock, valued at approximately $2,668,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its position in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after acquiring an additional 329,626 shares during the period. Vantagepoint Investment Advisers LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter valued at $130,375,000. Envestnet Portfolio Solutions Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 12.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after buying an additional 237,526 shares during the last quarter. Royal Bank of Canada lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the first quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock worth $54,194,000 after purchasing an additional 86,967 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF by 30.3% in the 2nd quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock valued at $45,533,000 after acquiring an additional 204,270 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $48.22 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $45.28 and a 52-week high of $53.54. The stock’s 50-day simple moving average is $51.42 and its 200 day simple moving average is $50.71. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.63.

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.