Second Line Capital LLC Boosts Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Second Line Capital LLC raised its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,921 shares of the company’s stock after purchasing an additional 8,962 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for 2.4% of Second Line Capital LLC’s investment portfolio, making the stock its 11th biggest position. Second Line Capital LLC owned about 0.09% of SPDR Portfolio Emerging Markets ETF worth $8,789,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SPEM. LPL Financial LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 5.2% during the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after buying an additional 476,292 shares during the period. Allworth Financial LP boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the 3rd quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after acquiring an additional 67,205 shares during the last quarter. State Street Corp grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.4% during the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after purchasing an additional 591,019 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after purchasing an additional 323,995 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of SPDR Portfolio Emerging Markets ETF by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 2,283,140 shares of the company’s stock worth $86,006,000 after purchasing an additional 31,453 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $40.26 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.52 and a 1 year high of $42.88. The firm has a market cap of $9.56 billion, a PE ratio of 13.05 and a beta of 0.81. The company has a 50 day simple moving average of $40.43 and a two-hundred day simple moving average of $39.00.

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.