Tradition Capital Management LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the first quarter, Holdings Channel reports. The firm purchased 11,671 shares of the company’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in SPDR Portfolio Emerging Markets ETF by 417.6% in the first quarter. Raymond James & Associates now owns 200,088 shares of the company’s stock worth $7,155,000 after purchasing an additional 161,432 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 111.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 315,332 shares of the company’s stock worth $11,276,000 after purchasing an additional 166,549 shares during the period. Capital Wealth Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 13.0% in the first quarter. Capital Wealth Management LLC now owns 121,403 shares of the company’s stock worth $4,341,000 after purchasing an additional 13,946 shares during the period. Frisch Financial Group Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 5.6% in the first quarter. Frisch Financial Group Inc. now owns 52,516 shares of the company’s stock worth $1,878,000 after purchasing an additional 2,794 shares during the period. Finally, Outlook Wealth Advisors LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 339.7% in the first quarter. Outlook Wealth Advisors LLC now owns 28,910 shares of the company’s stock worth $1,034,000 after purchasing an additional 22,335 shares during the period.

SPEM traded up $0.01 during midday trading on Wednesday, reaching $34.46. The company’s stock had a trading volume of 12,655 shares, compared to its average volume of 914,225. SPDR Portfolio Emerging Markets ETF has a 1 year low of $30.94 and a 1 year high of $38.42.

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Further Reading: What is a Swap?

Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM).

Institutional Ownership by Quarter for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

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