AlphaStar Capital Management LLC Buys 21,951 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

AlphaStar Capital Management LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 597,217 shares of the company’s stock after buying an additional 21,951 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises approximately 2.4% of AlphaStar Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. AlphaStar Capital Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $22,915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SPEM. Chaney Capital Management Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 15.4% in the fourth quarter. Chaney Capital Management Inc. now owns 374,142 shares of the company’s stock valued at $14,356,000 after purchasing an additional 50,043 shares during the last quarter. Advisory Resource Group raised its position in SPDR Portfolio Emerging Markets ETF by 10.7% in the fourth quarter. Advisory Resource Group now owns 66,652 shares of the company’s stock valued at $2,557,000 after purchasing an additional 6,439 shares during the last quarter. Forbes J M & Co. LLP raised its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the fourth quarter. Forbes J M & Co. LLP now owns 265,153 shares of the company’s stock worth $10,174,000 after acquiring an additional 1,728 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 3.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 40,100 shares of the company’s stock worth $1,539,000 after acquiring an additional 1,454 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 46.3% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 36,870 shares of the company’s stock worth $1,415,000 after acquiring an additional 11,667 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $39.18 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.30 and a 1 year high of $42.88. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The business has a 50-day moving average of $38.91 and a 200-day moving average of $39.19.

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.