Sherman Wealth Management LLC Takes Position in SPDR Portfolio Emerging Markets ETF $SPEM

Sherman Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 37,475 shares of the company’s stock, valued at approximately $1,754,000. SPDR Portfolio Emerging Markets ETF comprises about 1.5% of Sherman Wealth Management LLC’s portfolio, making the stock its 17th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPEM. Lantz Financial LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.3% during the 4th quarter. Lantz Financial LLC now owns 7,891 shares of the company’s stock worth $369,000 after purchasing an additional 252 shares during the period. Kraft Davis & Associates LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the fourth quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock valued at $240,000 after buying an additional 213 shares in the last quarter. Spire Wealth Management lifted its position in SPDR Portfolio Emerging Markets ETF by 93.3% during the fourth quarter. Spire Wealth Management now owns 25,348 shares of the company’s stock valued at $1,187,000 after buying an additional 12,236 shares in the last quarter. Barnes Dennig Private Wealth Management LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 135.0% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 1,008 shares of the company’s stock worth $47,000 after buying an additional 579 shares during the period. Finally, Cypress Wealth Services LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 36.5% during the fourth quarter. Cypress Wealth Services LLC now owns 218,620 shares of the company’s stock worth $10,234,000 after buying an additional 58,514 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $45.57 on Monday. The firm has a fifty day moving average of $48.92 and a 200-day moving average of $47.77. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $51.35. The firm has a market capitalization of $15.22 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.