Independent Advisor Alliance Buys 17,536 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Independent Advisor Alliance boosted its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,752 shares of the company’s stock after purchasing an additional 17,536 shares during the quarter. Independent Advisor Alliance’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPEM. Vantagepoint Investment Advisers LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth $128,313,000. Allworth Financial LP grew its stake in SPDR Portfolio Emerging Markets ETF by 38.5% in the 3rd quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock valued at $433,528,000 after buying an additional 2,572,333 shares during the last quarter. NorthRock Partners LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 38,107.1% in the 3rd quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock valued at $51,776,000 after buying an additional 1,103,200 shares during the last quarter. JPMorgan Chase & Co. grew its stake in SPDR Portfolio Emerging Markets ETF by 82.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,815,376 shares of the company’s stock valued at $84,978,000 after buying an additional 822,327 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in SPDR Portfolio Emerging Markets ETF by 54.2% in the 3rd quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock valued at $107,703,000 after buying an additional 809,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $52.22 on Thursday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $40.67 and a 52 week high of $53.03. The firm has a market cap of $17.90 billion, a P/E ratio of 15.39 and a beta of 0.60. The firm’s 50-day simple moving average is $48.93 and its 200 day simple moving average is $48.46.

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.