Cobblestone Asset Management LLC Purchases Shares of 37,070 SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cobblestone Asset Management LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 37,070 shares of the company’s stock, valued at approximately $1,342,000. SPDR Portfolio Emerging Markets ETF comprises approximately 0.9% of Cobblestone Asset Management LLC’s portfolio, making the stock its 18th biggest holding.

Other hedge funds have also modified their holdings of the company. Creative Planning boosted its stake in SPDR Portfolio Emerging Markets ETF by 2.0% in the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after purchasing an additional 504,808 shares during the period. Allworth Financial LP grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.5% during the fourth quarter. Allworth Financial LP now owns 5,948,847 shares of the company’s stock valued at $210,649,000 after buying an additional 144,613 shares in the last quarter. TIAA Trust National Association raised its position in SPDR Portfolio Emerging Markets ETF by 8.1% during the fourth quarter. TIAA Trust National Association now owns 5,107,031 shares of the company’s stock valued at $180,840,000 after buying an additional 382,150 shares during the period. Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 5.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,745,065 shares of the company’s stock worth $168,023,000 after acquiring an additional 232,533 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 6.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,642,270 shares of the company’s stock valued at $155,882,000 after acquiring an additional 299,484 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM traded up $0.06 on Monday, reaching $37.73. 1,220,381 shares of the company traded hands, compared to its average volume of 1,663,197. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The stock’s 50 day moving average price is $37.61 and its 200-day moving average price is $36.13. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $38.84.

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.