Hobbs Group Advisors LLC Takes Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Hobbs Group Advisors LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,023 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. IMG Wealth Management Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $27,000. Compass Planning Associates Inc acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $28,000. Strategic Wealth Investment Group LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $46,000. Rialto Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $60,000. Finally, SBI Securities Co. Ltd. purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $64,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $39.45 on Friday. The firm’s 50 day moving average price is $39.49 and its 200 day moving average price is $39.66. 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 market cap of $10.43 billion, a P/E ratio of 14.80 and a beta of 0.67.

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.