PNC Financial Services Group Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 57.9% in the fourth quarter, Holdings Channel reports. The firm owned 191,664 shares of the company’s stock after acquiring an additional 70,309 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,354,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Compass Planning Associates Inc purchased a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $28,000. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $39,000. Strategic Wealth Investment Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $46,000. SBI Securities Co. Ltd. purchased a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $64,000. Finally, Blue Trust Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 474.2% in the 4th quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock valued at $94,000 after buying an additional 1,878 shares during the last quarter.
SPDR Portfolio Emerging Markets ETF Price Performance
NYSEARCA:SPEM opened at $39.32 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88. The firm has a 50-day moving average of $38.96 and a two-hundred day moving average of $39.52. The stock has a market cap of $10.27 billion, a P/E ratio of 14.32 and a beta of 0.66.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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