Charles Schwab Investment Management Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) in the third quarter, HoldingsChannel.com reports. The fund acquired 553,851 shares of the company’s stock, valued at approximately $18,593,000.
A number of other institutional investors have also added to or reduced their stakes in SPEM. JPMorgan Chase & Co. grew its holdings in SPDR Portfolio Emerging Markets ETF by 71.8% during the 1st quarter. JPMorgan Chase & Co. now owns 144,187 shares of the company’s stock valued at $5,571,000 after buying an additional 60,258 shares in the last quarter. US Bancorp DE boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 346.8% during the 1st quarter. US Bancorp DE now owns 5,522 shares of the company’s stock valued at $214,000 after acquiring an additional 4,286 shares during the last quarter. BlackRock Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 10.5% during the 1st quarter. BlackRock Inc. now owns 3,663 shares of the company’s stock valued at $142,000 after acquiring an additional 349 shares during the last quarter. Blair William & Co. IL boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 50.0% during the 1st quarter. Blair William & Co. IL now owns 80,447 shares of the company’s stock valued at $3,108,000 after acquiring an additional 26,817 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 13.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,700 shares of the company’s stock valued at $568,000 after acquiring an additional 1,735 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Stock Performance
NYSEARCA SPEM opened at $35.80 on Friday. The company has a market capitalization of $7.66 billion, a P/E ratio of 10.59 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $36.39. The stock has a 50 day moving average price of $34.76 and a 200-day moving average price of $34.25.
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.
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