Cadent Capital Advisors LLC Purchases New Shares in SPDR Portfolio Emerging Markets ETF $SPEM

Cadent Capital Advisors LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 53,573 shares of the company’s stock, valued at approximately $2,773,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SPEM. State Street Corp boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after buying an additional 329,626 shares in the last quarter. Focus Partners Wealth boosted its position in SPDR Portfolio Emerging Markets ETF by 6.3% during the fourth quarter. Focus Partners Wealth now owns 2,209,880 shares of the company’s stock worth $103,255,000 after purchasing an additional 130,182 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 12.6% in the second 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 last quarter. Mariner LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 7.8% in the fourth quarter. Mariner LLC now owns 1,811,376 shares of the company’s stock valued at $84,791,000 after buying an additional 131,079 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 16.5% in the fourth quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock valued at $61,784,000 after purchasing an additional 187,095 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 1.0%

Shares of NYSEARCA SPEM traded up $0.53 during midday trading on Friday, reaching $52.05. 581,537 shares of the stock were exchanged, compared to its average volume of 2,535,541. The company has a market capitalization of $17.56 billion, a P/E ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a 52-week low of $45.28 and a 52-week high of $53.54. The stock has a 50 day moving average price of $52.33 and a 200-day moving average price of $51.27.

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.