Bessemer Group Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 11,326.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,883 shares of the company’s stock after acquiring an additional 11,779 shares during the period. Bessemer Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $557,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Gerald Baker Financial Group LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $287,000. Independent Financial Group LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the first quarter worth approximately $2,553,000. D.A. Davidson & CO. grew its position in SPDR Portfolio Emerging Markets ETF by 4.7% during the first quarter. D.A. Davidson & CO. now owns 5,175 shares of the company’s stock valued at $243,000 after acquiring an additional 234 shares during the last quarter. Theory Financial LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 76.3% during the first quarter. Theory Financial LLC now owns 46,888 shares of the company’s stock worth $2,200,000 after acquiring an additional 20,293 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.6% during the first quarter. Geneos Wealth Management Inc. now owns 280,768 shares of the company’s stock worth $13,171,000 after acquiring an additional 7,064 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of SPEM opened at $50.16 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $42.66 and a fifty-two week high of $53.54. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The firm has a 50 day moving average price of $51.58 and a 200-day moving average price of $50.09.
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.
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