Waverly Advisors LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Waverly Advisors LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 1st quarter, Holdings Channel.com reports. The fund acquired 142,557 shares of the company’s stock, valued at approximately $5,159,000.

Several other hedge funds have also recently bought and sold shares of the stock. American National Bank boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 179.0% during the fourth quarter. American National Bank now owns 809 shares of the company’s stock worth $29,000 after acquiring an additional 519 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $32,000. WASHINGTON TRUST Co bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $44,000. Tsfg LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $70,000. Finally, Valley National Advisers Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 15.5% in the fourth quarter. Valley National Advisers Inc. now owns 2,512 shares of the company’s stock valued at $88,000 after buying an additional 338 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock traded down $0.12 during trading on Tuesday, hitting $37.40. The company had a trading volume of 309,631 shares, compared to its average volume of 1,621,755. The firm has a market capitalization of $8.88 billion, a P/E ratio of 13.05 and a beta of 0.81. The stock’s 50-day moving average price is $38.01 and its 200 day moving average price is $36.62. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $39.32.

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.