Independent Financial Group LLC Purchases New Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Independent Financial Group LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,428 shares of the company’s stock, valued at approximately $2,553,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in shares of SPDR Portfolio Emerging Markets ETF by 20.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after purchasing an additional 2,653,013 shares during the last quarter. LPL Financial LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 12.7% during the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock worth $729,630,000 after purchasing an additional 1,758,866 shares during the last quarter. Allworth Financial LP lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.0% during the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock worth $437,929,000 after purchasing an additional 94,029 shares during the last quarter. Morgan Stanley grew its stake in SPDR Portfolio Emerging Markets ETF by 9.8% in the fourth quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock worth $327,570,000 after purchasing an additional 622,595 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after purchasing an additional 279,126 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 1.6%

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $50.19 on Friday. The firm has a market cap of $16.99 billion, a P/E ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $42.66 and a fifty-two week high of $53.54. The business has a 50-day moving average price of $51.71 and a 200 day moving average price of $49.96.

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.