Townsquare Capital LLC Buys 132,008 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Townsquare Capital LLC boosted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,154,446 shares of the company’s stock after acquiring an additional 132,008 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 1.1% of Townsquare Capital LLC’s portfolio, making the stock its 15th largest position. Townsquare Capital LLC owned approximately 0.91% of SPDR Portfolio Emerging Markets ETF worth $88,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in SPEM. BNP Paribas Financial Markets acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth about $219,000. Shum Financial Group Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $2,950,000. FMR LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 30.5% during the 3rd quarter. FMR LLC now owns 36,369 shares of the company’s stock worth $1,501,000 after acquiring an additional 8,494 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth approximately $245,000. Finally, Elios Financial Group Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $491,000.

SPDR Portfolio Emerging Markets ETF Stock Down 0.5 %

Shares of SPEM stock opened at $39.12 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 12 month low of $33.52 and a 12 month high of $42.88. The company’s fifty day simple moving average is $40.52 and its 200-day simple moving average is $38.89. The firm has a market cap of $9.29 billion, a PE ratio of 13.05 and a beta of 0.81.

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.