Cwm LLC has increased its stake in the SPDR Portfolio Emerging Markets ETF (NYSEARCA: SPEM) by 3.3% during the third quarter of 2023, according to a recent filing with the Securities and Exchange Commission (SEC). The firm now holds 2,263,731 shares, having acquired an additional 73,219 shares during this period. This investment represents approximately 0.74% of the ETF, valued at about $105,965,000.
Other institutional investors have also recently adjusted their positions in SPEM. Notably, Charles Schwab Investment Management Inc. significantly increased its holdings by an impressive 6,487.0% in the second quarter. The firm now owns 10,916,062 shares, which are worth approximately $466,552,000 after purchasing an additional 10,750,340 shares.
3EDGE Asset Management LP also raised its stake in the ETF by 309.6% during the same quarter, now holding 3,182,524 shares valued at $135,997,000. Additionally, Jane Street Group LLC entered a new position in the first quarter, investing around $57,992,000 in the ETF. Betterment LLC grew its position by 124.5% in the second quarter, now owning 1,824,389 shares worth $77,974,000.
Cassaday & Co Wealth Management LLC made headlines with a remarkable 686.2% increase in its stake during the second quarter, bringing its total to 1,141,575 shares valued at approximately $48,791,000.
Current Market Performance
As of the latest trading session, the SPDR Portfolio Emerging Markets ETF opened at $46.73. The ETF’s 50-day moving average stands at $47.11, while the 200-day moving average is at $45.33. With a market capitalization of $14.43 billion, the ETF has a price-to-earnings (PE) ratio of 15.39 and a beta of 0.56. Over the past year, the ETF has experienced a low of $34.38 and a high of $48.56.
The SPDR Portfolio Emerging Markets ETF is designed to track the S&P Emerging Markets BMI index, which includes a diverse range of companies from emerging markets weighted by market capitalization. Launched on March 19, 2007, the ETF is managed by State Street.
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