NavPoint Financial Inc. Acquires New Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

NavPoint Financial Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 77,898 shares of the company’s stock, valued at approximately $2,758,000. SPDR Portfolio Emerging Markets ETF comprises approximately 2.5% of NavPoint Financial Inc.’s investment portfolio, making the stock its 14th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in SPEM. Commonwealth Equity Services LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 5.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 478,742 shares of the company’s stock worth $16,071,000 after purchasing an additional 23,773 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $36,000. Raymond James & Associates increased its position in shares of SPDR Portfolio Emerging Markets ETF by 3.5% during the 3rd quarter. Raymond James & Associates now owns 184,990 shares of the company’s stock worth $6,210,000 after purchasing an additional 6,315 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of SPDR Portfolio Emerging Markets ETF by 3.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 927,400 shares of the company’s stock worth $31,133,000 after purchasing an additional 29,010 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF by 11.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 11,471 shares of the company’s stock valued at $385,000 after acquiring an additional 1,179 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.7 %

SPDR Portfolio Emerging Markets ETF stock traded up $0.27 during midday trading on Friday, reaching $37.63. 1,070,684 shares of the stock traded hands, compared to its average volume of 1,883,514. The company has a 50-day simple moving average of $36.14 and a two-hundred day simple moving average of $35.00. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $37.65. The firm has a market cap of $8.93 billion, a PE ratio of 12.30 and a beta of 0.79.

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.