SPDR Portfolio Emerging Markets ETF $SPEM Shares Newly Bought by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 36,262 shares of the company’s stock, valued at approximately $1,877,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 0.7% of Montz Harcus Wealth Management LLC’s portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter worth approximately $27,000. Robinswood Financial LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at approximately $32,000. Brown Lisle Cummings Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $53,000. Gould Capital LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $59,000. Finally, Sachetta LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 145.9% in the first quarter. Sachetta LLC now owns 1,409 shares of the company’s stock worth $66,000 after buying an additional 836 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA:SPEM opened at $52.21 on Friday. The firm has a fifty day moving average price of $52.35 and a 200 day moving average price of $51.28. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.

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.