3EDGE Asset Management LP Purchases 53,100 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

3EDGE Asset Management LP lifted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,235,624 shares of the company’s stock after acquiring an additional 53,100 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 8.5% of 3EDGE Asset Management LP’s holdings, making the stock its 2nd biggest holding. 3EDGE Asset Management LP owned 1.05% of SPDR Portfolio Emerging Markets ETF worth $151,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPEM. First Horizon Corp acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth $29,000. Stone House Investment Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth about $40,000. Sachetta LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 2,263.9% during the 2nd quarter. Sachetta LLC now owns 851 shares of the company’s stock worth $36,000 after acquiring an additional 815 shares during the period. Addison Advisors LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at about $49,000. Finally, Blue Trust Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 539.1% in the 3rd quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock valued at $57,000 after purchasing an additional 1,035 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $49.24 on Friday. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. The company has a 50 day simple moving average of $47.31 and a 200-day simple moving average of $46.12. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $49.44.

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.