JDM Financial Group LLC Has $8.58 Million Position in SPDR Portfolio Emerging Markets ETF $SPEM

JDM Financial Group LLC raised its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.4% during the second quarter, HoldingsChannel reports. The fund owned 200,763 shares of the company’s stock after buying an additional 10,265 shares during the period. SPDR Portfolio Emerging Markets ETF comprises approximately 4.1% of JDM Financial Group LLC’s holdings, making the stock its 8th largest position. JDM Financial Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $8,581,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SPEM. Golden State Wealth Management LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 66.1% during the 1st quarter. Golden State Wealth Management LLC now owns 7,133 shares of the company’s stock valued at $281,000 after buying an additional 2,839 shares in the last quarter. Truist Financial Corp grew its holdings in SPDR Portfolio Emerging Markets ETF by 10.1% during the 2nd quarter. Truist Financial Corp now owns 96,702 shares of the company’s stock valued at $4,133,000 after purchasing an additional 8,909 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 3.8% during the second quarter. Focus Financial Network Inc. now owns 7,195 shares of the company’s stock worth $307,000 after purchasing an additional 263 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth $1,182,000. Finally, Goldman Sachs Group Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 6.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock worth $4,126,000 after acquiring an additional 6,463 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $48.18 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $48.25. The stock’s 50-day moving average is $46.22 and its 200 day moving average is $43.37. The company has a market cap of $14.82 billion, a P/E ratio of 15.39 and a beta of 0.56.

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.