Richard P Slaughter Associates Inc Buys Shares of 20,396 SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Richard P Slaughter Associates Inc purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,396 shares of the company’s stock, valued at approximately $738,000.

A number of other hedge funds have also modified their holdings of SPEM. Anchor Investment Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $28,000. American National Bank grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 179.0% in the fourth quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after buying an additional 519 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $32,000. Tsfg LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $70,000. Finally, Fortitude Family Office LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $82,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $38.35 on Friday. The company has a market cap of $9.10 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1-year low of $32.06 and a 1-year high of $38.84. The stock has a 50-day moving average of $37.34 and a two-hundred day moving average of $35.98.

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.