Moneco Advisors LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Moneco Advisors LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 250,575 shares of the company’s stock, valued at approximately $12,970,000. SPDR Portfolio Emerging Markets ETF accounts for 0.8% of Moneco Advisors LLC’s investment portfolio, making the stock its 25th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its stake in 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 worth $270,882,000 after purchasing an additional 329,626 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $130,375,000. Envestnet Portfolio Solutions Inc. boosted its holdings 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 purchasing an additional 237,526 shares during the period. Royal Bank of Canada grew its position in shares of SPDR Portfolio Emerging Markets ETF by 8.1% during the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock valued at $54,194,000 after purchasing an additional 86,967 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 30.3% during the 2nd quarter. NewEdge Advisors LLC now owns 879,360 shares of the company’s stock valued at $45,533,000 after purchasing an additional 204,270 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPDR Portfolio Emerging Markets ETF stock opened at $49.18 on Wednesday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The stock has a market cap of $16.36 billion, a P/E ratio of 15.39 and a beta of 0.63. The firm’s fifty day moving average price is $51.28 and its 200-day moving average price is $50.71.

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.