SBI Securities Co. Ltd. Invests $64,000 in SPDR Portfolio Emerging Markets ETF
SBI Securities Co. Ltd. has announced a new investment in the SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, as revealed in its recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,660 shares of the ETF, representing a total investment of approximately $64,000.
In addition to SBI Securities, various other hedge funds and institutional investors have also engaged in trading shares of the SPDR Portfolio Emerging Markets ETF. For instance, Vicus Capital increased its holdings in the ETF by 2.6% in the fourth quarter, raising its total ownership to 11,981 shares, valued at around $460,000 after adding 299 shares. Similarly, Occidental Asset Management LLC raised its stake by 0.7%, now owning 46,414 shares worth $1,781,000 after acquiring an additional 312 shares during the same quarter.
Furthermore, McClarren Financial Advisors Inc. expanded its position in the ETF by 12.3%, bringing its total to 2,885 shares valued at $110,000 after purchasing 316 more shares. Iams Wealth Management LLC also increased its stake by 1.1%, now holding 29,858 shares valued at $1,146,000 following the acquisition of 330 additional shares. Alliance Wealth Advisors LLC UT boosted its holdings by 1.8%, acquiring 330 additional shares to own a total of 18,744 shares worth $719,000.
Current Performance of SPDR Portfolio Emerging Markets ETF
As of this week, shares of the SPDR Portfolio Emerging Markets ETF opened at $39.95. The ETF has experienced a 52-week low of $35.00 and a 52-week high of $42.88, indicating a range of performance throughout the year. Its 50-day moving average price stands at $38.93, while the 200-day moving average price is at $39.51. The ETF has a market capitalization of $10.43 billion and a PE ratio of 14.32, along with a beta of 0.66, reflecting its volatility compared to the overall market.
About SPDR Portfolio Emerging Markets ETF
The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is designed to track the S&P Emerging Markets BMI Index. This index includes companies from emerging markets and is weighted based on market capitalization. The ETF was launched on March 19, 2007, and is managed by State Street.
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For those interested in following the activities of hedge funds holding SPEM, they can explore the latest Form 13F filings and insider trades specific to SPDR Portfolio Emerging Markets ETF.
investment, ETF, stocks