Summit Global Investments Grows Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Summit Global Investments lifted its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 14.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 338,424 shares of the company’s stock after purchasing an additional 43,004 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for about 0.9% of Summit Global Investments’ portfolio, making the stock its 14th largest holding. Summit Global Investments owned approximately 0.11% of SPDR Portfolio Emerging Markets ETF worth $15,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Horizon Corp acquired a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth $29,000. Stone House Investment Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $40,000. Sachetta LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2,263.9% during the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock worth $36,000 after acquiring an additional 815 shares during the period. Addison Advisors LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at about $49,000. Finally, Blue Trust Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 539.1% during the 3rd quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock valued at $57,000 after acquiring an additional 1,035 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.3%

SPDR Portfolio Emerging Markets ETF stock opened at $50.22 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $34.38 and a 12-month high of $50.58. The stock has a market cap of $16.77 billion, a P/E ratio of 15.39 and a beta of 0.56. The company has a 50-day moving average price of $47.63 and a 200 day moving average price of $46.37.

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.