Fifth Third Bancorp Has $10.49 Million Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Fifth Third Bancorp boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6,374.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 223,613 shares of the company’s stock after acquiring an additional 220,159 shares during the period. Fifth Third Bancorp owned 0.07% of SPDR Portfolio Emerging Markets ETF worth $10,490,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SPEM. Brighton Jones LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $289,000. AQR Capital Management LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 80.2% during the 1st quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock worth $1,236,000 after purchasing an additional 13,972 shares in the last quarter. Goldman Sachs Group Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 6.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock valued at $4,126,000 after buying an additional 6,463 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 9,682 shares of the company’s stock valued at $414,000 after purchasing an additional 263 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $768,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $51.27 on Wednesday. The company has a market cap of $17.30 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 52-week low of $42.66 and a 52-week high of $53.54. The stock’s 50-day simple moving average is $51.80 and its 200 day simple moving average is $49.90.

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.