Dravo Bay LLC Buys New Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Dravo Bay LLC purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,052 shares of the company’s stock, valued at approximately $356,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPEM. Blue Barn Wealth LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 5.3% during the fourth quarter. Blue Barn Wealth LLC now owns 71,849 shares of the company’s stock worth $2,544,000 after acquiring an additional 3,619 shares in the last quarter. Palisade Asset Management LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $232,000. N.E.W. Advisory Services LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.3% during the 4th quarter. N.E.W. Advisory Services LLC now owns 480,808 shares of the company’s stock worth $17,025,000 after purchasing an additional 6,115 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 55.8% in the fourth quarter. Apollon Wealth Management LLC now owns 32,937 shares of the company’s stock worth $1,166,000 after purchasing an additional 11,793 shares during the last quarter. Finally, Lincoln National Corp lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 8.6% in the fourth quarter. Lincoln National Corp now owns 9,599 shares of the company’s stock valued at $340,000 after purchasing an additional 761 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.1 %

Shares of NYSEARCA:SPEM traded down $0.04 during mid-day trading on Wednesday, hitting $37.38. 756,359 shares of the company traded hands, compared to its average volume of 1,845,492. The stock has a 50-day moving average price of $36.25 and a two-hundred day moving average price of $35.11. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $37.69. The stock has a market cap of $8.87 billion, a P/E ratio of 12.30 and a beta of 0.79.

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.