LexAurum Advisors LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

LexAurum Advisors LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, HoldingsChannel reports. The firm acquired 193,397 shares of the company’s stock, valued at approximately $10,010,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.1% of LexAurum Advisors LLC’s holdings, making the stock its 20th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Isthmus Partners LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $16,291,000. State Street Corp grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after buying an additional 329,626 shares in the last quarter. KFG Wealth Management LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $16,486,000. West Wealth Group LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $16,400,000. Finally, Impact Partnership Wealth LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 59.9% during the first quarter. Impact Partnership Wealth LLC now owns 785,788 shares of the company’s stock valued at $36,861,000 after buying an additional 294,347 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM remained flat at $50.69 on Monday. 487,215 shares of the company traded hands, compared to its average volume of 2,508,031. 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 50-day moving average price of $52.32 and a 200 day moving average price of $51.50. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.

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.