Dravo Bay LLC Grows Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Dravo Bay LLC increased its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 73.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,552 shares of the company’s stock after acquiring an additional 7,035 shares during the quarter. Dravo Bay LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $635,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPEM. BlueStem Wealth Partners LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $38,051,000. Bank of New York Mellon Corp lifted its stake in SPDR Portfolio Emerging Markets ETF by 37.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock worth $103,397,000 after acquiring an additional 740,980 shares during the period. State Street Corp lifted its stake in SPDR Portfolio Emerging Markets ETF by 10.4% in the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after acquiring an additional 591,019 shares during the period. LPL Financial LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 5.2% in the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after acquiring an additional 476,292 shares during the period. Finally, Life Planning Partners Inc lifted its stake in SPDR Portfolio Emerging Markets ETF by 3,737.0% in the fourth quarter. Life Planning Partners Inc now owns 431,778 shares of the company’s stock worth $16,567,000 after acquiring an additional 420,525 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $38.54 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year high of $42.88. The company has a 50-day moving average of $38.87 and a 200 day moving average of $39.48. The firm has a market cap of $10.06 billion, a PE ratio of 14.32 and a beta of 0.66.

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.