Brooklyn FI LLC Raises Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Brooklyn FI LLC boosted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6,305.1% in the 4th quarter, Holdings Channel reports. The firm owned 6,194,793 shares of the company’s stock after acquiring an additional 6,098,077 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.3% of Brooklyn FI LLC’s portfolio, making the stock its 24th largest position. Brooklyn FI LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $249,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPEM. BIP Wealth LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 6.9% during the third quarter. BIP Wealth LLC now owns 98,847 shares of the company’s stock valued at $4,080,000 after acquiring an additional 6,400 shares in the last quarter. Wrapmanager Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 20.2% in the 3rd quarter. Wrapmanager Inc. now owns 194,914 shares of the company’s stock worth $8,046,000 after purchasing an additional 32,755 shares in the last quarter. Spectrum Planning & Advisory Services Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 18.7% in the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 16,305 shares of the company’s stock valued at $673,000 after purchasing an additional 2,573 shares during the period. Vance Wealth Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $218,000. Finally, PNC Financial Services Group Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 42.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 121,355 shares of the company’s stock valued at $5,010,000 after purchasing an additional 35,928 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $40.47 on Wednesday. The company has a market capitalization of $10.70 billion, a PE ratio of 14.80 and a beta of 0.67. SPDR Portfolio Emerging Markets ETF has a 52-week low of $35.00 and a 52-week high of $42.88. The business’s fifty day moving average is $39.12 and its 200 day moving average is $39.57.

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.