Cercano Management LLC Boosts Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Cercano Management LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1,889.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 642,100 shares of the company’s stock after buying an additional 609,825 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.2% of Cercano Management LLC’s investment portfolio, making the stock its 16th largest position. Cercano Management LLC owned 0.19% of SPDR Portfolio Emerging Markets ETF worth $30,057,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of SPEM. Allworth Financial LP lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.0% during the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock worth $437,929,000 after purchasing an additional 94,029 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 7.1% during the third quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock worth $325,188,000 after purchasing an additional 462,591 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after purchasing an additional 279,126 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 3.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,503,688 shares of the company’s stock worth $164,008,000 after purchasing an additional 123,404 shares during the last quarter. Finally, 3EDGE Asset Management LP lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.6% during the fourth quarter. 3EDGE Asset Management LP now owns 3,253,661 shares of the company’s stock worth $152,304,000 after purchasing an additional 18,037 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock opened at $52.74 on Tuesday. The business has a 50-day moving average price of $49.98 and a 200 day moving average price of $48.83. The company has a market capitalization of $18.08 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1-year low of $40.83 and a 1-year high of $53.04.

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.