Tortoise Investment Management LLC Purchases 10,486 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Tortoise Investment Management LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,406 shares of the company’s stock after acquiring an additional 10,486 shares during the period. SPDR Portfolio Emerging Markets ETF makes up 1.2% of Tortoise Investment Management LLC’s portfolio, making the stock its 25th biggest holding. Tortoise Investment Management LLC owned approximately 0.13% of SPDR Portfolio Emerging Markets ETF worth $11,603,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 5.2% during the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after acquiring an additional 476,292 shares during the period. Allworth Financial LP raised its position in shares of SPDR Portfolio Emerging Markets ETF by 3.0% during the fourth quarter. Allworth Financial LP now owns 6,486,557 shares of the company’s stock valued at $250,381,000 after buying an additional 189,092 shares during the last quarter. State Street Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 10.4% during the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after buying an additional 591,019 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 37.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after buying an additional 740,980 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 6.5% during the third quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock valued at $88,936,000 after buying an additional 132,008 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $39.95 on Monday. The company has a 50-day simple moving average of $38.93 and a 200-day simple moving average of $39.51. The firm has a market capitalization of $10.43 billion, a P/E ratio of 14.32 and a beta of 0.66. SPDR Portfolio Emerging Markets ETF has a 52 week low of $35.00 and a 52 week high of $42.88.

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.