SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Bought by Cornerstone Advisors Asset Management LLC

Cornerstone Advisors Asset Management LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 30.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,477 shares of the company’s stock after purchasing an additional 9,707 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 8.9% during the third quarter. Raymond James & Associates now owns 258,992 shares of the company’s stock valued at $10,691,000 after purchasing an additional 21,119 shares during the period. Raleigh Capital Management Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 23.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 140,349 shares of the company’s stock valued at $5,794,000 after buying an additional 27,009 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 104.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 39,283 shares of the company’s stock valued at $1,622,000 after buying an additional 20,111 shares during the period. Rodgers & Associates LTD raised its position in shares of SPDR Portfolio Emerging Markets ETF by 1.4% during the 3rd quarter. Rodgers & Associates LTD now owns 348,324 shares of the company’s stock worth $14,379,000 after buying an additional 4,824 shares in the last quarter. Finally, Hofer & Associates. Inc lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.2% in the 3rd quarter. Hofer & Associates. Inc now owns 27,976 shares of the company’s stock worth $1,155,000 after acquiring an additional 332 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $40.17 on Wednesday. The firm has a market capitalization of $9.54 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12 month low of $35.00 and a 12 month high of $42.88. The company’s 50 day simple moving average is $38.86 and its 200 day simple moving average is $39.30.

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.