10,052 Shares in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Acquired by Dravo Bay LLC

Dravo Bay LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, HoldingsChannel reports. The fund bought 10,052 shares of the company’s stock, valued at approximately $356,000.

A number of other large investors have also made changes to their positions in SPEM. TIAA Trust National Association purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth $158,614,000. Bank of New York Mellon Corp grew its stake in SPDR Portfolio Emerging Markets ETF by 1,703.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,355,273 shares of the company’s stock valued at $112,636,000 after purchasing an additional 3,169,265 shares during the last quarter. Financial Gravity Asset Management Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2,409.1% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,966,496 shares of the company’s stock valued at $99,585,000 after purchasing an additional 2,848,268 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth about $36,564,000. Finally, Creative Planning raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.5% in the third quarter. Creative Planning now owns 24,946,540 shares of the company’s stock worth $837,455,000 after purchasing an additional 1,075,145 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM traded down $0.04 during trading hours on Wednesday, reaching $37.38. The stock had a trading volume of 756,359 shares, compared to its average volume of 1,845,492. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $37.69. The stock has a fifty day moving average of $36.25 and a 200 day moving average of $35.11. The stock has a market cap of $8.87 billion, a P/E ratio of 12.30 and a beta of 0.79.

SPDR Portfolio Emerging Markets ETF 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.