AllGen Financial Advisors Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 80,051 shares of the company’s stock, valued at approximately $2,835,000. SPDR Portfolio Emerging Markets ETF comprises about 1.5% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $28,000. Carmichael Hill & Associates Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $32,000. FinTrust Capital Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $36,000. NBC Securities Inc. acquired a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $50,000. Finally, Tsfg LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $70,000.
SPDR Portfolio Emerging Markets ETF Trading Up 0.7 %
Shares of NYSEARCA:SPEM traded up $0.27 during trading on Friday, reaching $37.63. 1,070,684 shares of the stock were exchanged, compared to its average volume of 1,883,514. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.06 and a 12 month high of $37.65. The stock has a 50-day moving average price of $36.14 and a 200-day moving average price of $35.03. The firm has a market cap of $8.93 billion, a PE ratio of 12.30 and a beta of 0.79.
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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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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