Lifeworks Advisors LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Lifeworks Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, Holdings Channel.com reports. The fund bought 48,155 shares of the company’s stock, valued at approximately $1,988,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after buying an additional 323,995 shares in the last quarter. US Bancorp DE raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 40.9% in the 1st quarter. US Bancorp DE now owns 13,995 shares of the company’s stock valued at $506,000 after purchasing an additional 4,063 shares in the last quarter. Forbes Financial Planning Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 104.7% in the 2nd quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock worth $2,531,000 after purchasing an additional 34,371 shares during the period. Raymond James & Associates boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 9.1% during the second quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock valued at $8,961,000 after purchasing an additional 19,939 shares in the last quarter. Finally, Second Line Capital LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 4.5% during the second quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock valued at $7,683,000 after buying an additional 8,783 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM traded down $0.17 during midday trading on Thursday, hitting $39.22. 265,447 shares of the company traded hands, compared to its average volume of 1,589,894. SPDR Portfolio Emerging Markets ETF has a 52 week low of $33.52 and a 52 week high of $42.88. The company’s 50-day simple moving average is $40.30 and its 200-day simple moving average is $38.75. The company has a market cap of $9.31 billion, a PE ratio of 13.05 and a beta of 0.81.

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.