Pinnacle Wealth Planning Services Inc. Raises Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Pinnacle Wealth Planning Services Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,790 shares of the company’s stock after purchasing an additional 4,494 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,009,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Western Wealth Management LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 17.5% in the 2nd quarter. Western Wealth Management LLC now owns 65,278 shares of the company’s stock valued at $2,790,000 after buying an additional 9,709 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter valued at $12,314,000. Tortoise Investment Management LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.3% in the second quarter. Tortoise Investment Management LLC now owns 313,052 shares of the company’s stock valued at $13,380,000 after acquiring an additional 943 shares in the last quarter. KM Capital Management Ltd. purchased a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at $222,000. Finally, Rockefeller Capital Management L.P. grew its stake in SPDR Portfolio Emerging Markets ETF by 4.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 394,638 shares of the company’s stock worth $16,961,000 after purchasing an additional 17,539 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $46.94 on Tuesday. The stock’s 50-day moving average is $47.05 and its two-hundred day moving average is $44.31. SPDR Portfolio Emerging Markets ETF has a 1-year low of $34.38 and a 1-year high of $48.56. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

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.