Rovin Capital UT ADV Acquires 7,890 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Rovin Capital UT ADV lifted its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 59.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,101 shares of the company’s stock after purchasing an additional 7,890 shares during the quarter. Rovin Capital UT ADV’s holdings in SPDR Portfolio Emerging Markets ETF were worth $810,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Archer Investment Corp bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth about $39,000. Hershey Financial Advisers LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $49,000. McClarren Financial Advisors Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 583.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock worth $106,000 after buying an additional 2,193 shares in the last quarter. Fortitude Family Office LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $121,000. Finally, Abound Wealth Management increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 420.2% in the 4th quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock valued at $131,000 after buying an additional 2,761 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 1.2 %

Shares of NYSEARCA SPEM opened at $37.96 on Thursday. The firm has a market capitalization of $9.01 billion, a PE ratio of 13.05 and a beta of 0.81. The firm’s 50-day moving average is $39.21 and its 200-day moving average is $39.17. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.52 and a 1 year high of $42.88.

SPDR Portfolio Emerging Markets ETF 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.