Ervin Investment Management LLC Purchases 3,597 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Ervin Investment Management LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,947 shares of the company’s stock after buying an additional 3,597 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 1.9% of Ervin Investment Management LLC’s investment portfolio, making the stock its 13th biggest position. Ervin Investment Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,799,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC grew its stake in shares of 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 purchasing an additional 476,292 shares during the last quarter. Allworth Financial LP grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the third quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock valued at $259,959,000 after purchasing an additional 67,205 shares during the last quarter. State Street Corp grew its stake 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 purchasing an additional 591,019 shares during the last quarter. Assetmark Inc. grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 10.2% during the third quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock valued at $91,333,000 after purchasing an additional 204,960 shares during the last quarter. Finally, Townsquare Capital LLC grew its stake 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 purchasing an additional 132,008 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM opened at $38.26 on Monday. SPDR Portfolio Emerging Markets ETF has a one year low of $33.72 and a one year high of $42.88. The company’s 50 day simple moving average is $39.09 and its 200-day simple moving average is $39.18. The stock has a market capitalization of $9.08 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.