Gateway Wealth Partners LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 107.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,531 shares of the company’s stock after acquiring an additional 84,601 shares during the quarter. Gateway Wealth Partners LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,671,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $26,000. Ascentis Independent Advisors acquired a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth about $27,000. Safe Harbor Fiduciary LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $32,000. Front Row Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock valued at $36,000 after buying an additional 460 shares in the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $37,000.
SPDR Portfolio Emerging Markets ETF Price Performance
NYSEARCA:SPEM opened at $50.16 on Monday. The business’s 50 day moving average is $51.58 and its two-hundred day moving average is $50.10. SPDR Portfolio Emerging Markets ETF has a 52 week low of $42.66 and a 52 week high of $53.54. The company has a market cap of $16.98 billion, a PE ratio of 15.39 and a beta of 0.60.
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.
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