PFG Private Wealth Management LLC Takes $3.59 Million Position in SPDR Portfolio Emerging Markets ETF $SPEM

PFG Private Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 76,589 shares of the company’s stock, valued at approximately $3,585,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.6% of PFG Private Wealth Management LLC’s holdings, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mitchell Capital Management Co. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $243,000. Savvy Advisors Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 19.4% in the 3rd quarter. Savvy Advisors Inc. now owns 316,073 shares of the company’s stock valued at $14,795,000 after buying an additional 51,403 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its position in SPDR Portfolio Emerging Markets ETF by 286.8% in the third quarter. Onyx Bridge Wealth Group LLC now owns 115,984 shares of the company’s stock valued at $5,429,000 after acquiring an additional 85,998 shares during the period. Truefg LLC grew its position in SPDR Portfolio Emerging Markets ETF by 1.3% in the third quarter. Truefg LLC now owns 275,714 shares of the company’s stock valued at $12,906,000 after acquiring an additional 3,600 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 250.5% during the third quarter. Oppenheimer & Co. Inc. now owns 53,523 shares of the company’s stock worth $2,505,000 after acquiring an additional 38,252 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA:SPEM opened at $50.29 on Friday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $51.05. The company’s fifty day moving average is $48.24 and its 200-day moving average is $46.80. The company has a market capitalization of $16.80 billion, a PE ratio of 15.39 and a beta of 0.56.

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.