Redmond Asset Management LLC Purchases 531 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Redmond Asset Management LLC boosted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,018 shares of the company’s stock after purchasing an additional 531 shares during the period. Redmond Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $308,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SPEM. Compass Planning Associates Inc bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $28,000. Archer Investment Corp bought a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $39,000. Strategic Wealth Investment Group LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $46,000. Blue Trust Inc. grew 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 worth $94,000 after purchasing an additional 1,878 shares during the period. Finally, McClarren Financial Advisors Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 12.3% during the 4th quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock valued at $110,000 after acquiring an additional 316 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $40.35 on Friday. 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 fifty day moving average price of $38.86 and a 200-day moving average price of $39.37. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66.

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.