Vericrest Private Wealth Makes New $1.01 Million Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Vericrest Private Wealth bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 21,550 shares of the company’s stock, valued at approximately $1,009,000. SPDR Portfolio Emerging Markets ETF accounts for 0.9% of Vericrest Private Wealth’s holdings, making the stock its 27th biggest holding.

Other large investors have also recently modified their holdings of the company. Paces Ferry Wealth Advisors LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 4.1% during the fourth quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock valued at $236,000 after buying an additional 200 shares during the period. Mascagni Wealth Management Inc. lifted its holdings in SPDR Portfolio Emerging Markets ETF by 4.8% in the fourth quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock worth $211,000 after buying an additional 207 shares during the period. River Street Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock valued at $567,000 after acquiring an additional 209 shares in the last quarter. Kraft Davis & Associates LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the 4th quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock valued at $240,000 after acquiring an additional 213 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in SPDR Portfolio Emerging Markets ETF by 0.7% during the 3rd quarter. Captrust Financial Advisors now owns 32,698 shares of the company’s stock valued at $1,531,000 after acquiring an additional 222 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $53.08 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $40.83 and a fifty-two week high of $53.54. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The business’s 50 day moving average price is $51.51 and its two-hundred day moving average price is $49.33.

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.