14,007 Shares in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Purchased by Sequent Asset Management LLC

Sequent Asset Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,007 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors have also modified their holdings of SPEM. Anchor Investment Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $28,000. Carmichael Hill & Associates Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth $32,000. FinTrust Capital Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at $36,000. NBC Securities Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at $50,000. Finally, Tsfg LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth about $70,000.

SPDR Portfolio Emerging Markets ETF Stock Down 1.3 %

NYSEARCA:SPEM traded down $0.49 during mid-day trading on Tuesday, hitting $36.44. 1,565,149 shares of the stock traded hands, compared to its average volume of 1,899,191. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 12.30 and a beta of 0.79. SPDR Portfolio Emerging Markets ETF has a 52 week low of $32.06 and a 52 week high of $37.06. The firm’s 50 day moving average is $36.05 and its two-hundred day moving average is $34.95.

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.