SPDR Portfolio Emerging Markets ETF $SPEM Stock: Sowell Financial Services LLC Increases Stake

Sowell Financial Services LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 116.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,894 shares of the company’s stock after purchasing an additional 18,800 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ervin Investment Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $4,938,000. Quantinno Capital Management LP lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 25.5% during the 1st quarter. Quantinno Capital Management LP now owns 79,830 shares of the company’s stock worth $3,745,000 after acquiring an additional 16,232 shares during the period. Gateway Wealth Partners LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 107.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 163,531 shares of the company’s stock valued at $7,671,000 after acquiring an additional 84,601 shares in the last quarter. SMART Wealth LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at about $4,391,000. Finally, IFP Advisors Inc increased its stake in SPDR Portfolio Emerging Markets ETF by 18.2% in the second quarter. IFP Advisors Inc now owns 164,298 shares of the company’s stock valued at $8,507,000 after acquiring an additional 25,284 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Down 1.9%

NYSEARCA SPEM opened at $48.47 on Friday. SPDR Portfolio Emerging Markets ETF has a twelve month low of $45.28 and a twelve month high of $53.54. The stock has a market cap of $16.12 billion, a P/E ratio of 15.39 and a beta of 0.61. The company’s 50-day simple moving average is $51.83 and its 200 day simple moving average is $50.72.

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.