Cedrus LLC Raises Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cedrus LLC raised its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 12.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,915 shares of the company’s stock after purchasing an additional 9,888 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.3% of Cedrus LLC’s investment portfolio, making the stock its 19th biggest holding. Cedrus LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,629,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SPEM. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock valued at $188,164,000 after buying an additional 323,995 shares during the period. US Bancorp DE boosted its position in SPDR Portfolio Emerging Markets ETF by 40.9% in the 1st quarter. US Bancorp DE now owns 13,995 shares of the company’s stock worth $506,000 after purchasing an additional 4,063 shares in the last quarter. Forbes Financial Planning Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 104.7% in the 2nd quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock worth $2,531,000 after purchasing an additional 34,371 shares in the last quarter. Raymond James & Associates grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 9.1% during the 2nd quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock worth $8,961,000 after purchasing an additional 19,939 shares during the period. Finally, Second Line Capital LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the 2nd quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock valued at $7,683,000 after purchasing an additional 8,783 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM opened at $41.25 on Friday. The firm has a fifty day moving average price of $39.52 and a 200 day moving average price of $38.20. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $42.88. The stock has a market cap of $9.79 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.