Schwallier Wealth Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm purchased 10,162 shares of the company’s stock, valued at approximately $526,000.
Several other institutional investors and hedge funds have also recently modified their holdings of SPEM. Ascentis Independent Advisors acquired a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $27,000. Silver Grove Financial Group Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 933.3% during the third quarter. Silver Grove Financial Group Inc. now owns 589 shares of the company’s stock worth $30,000 after purchasing an additional 532 shares in the last quarter. Robinswood Financial LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the first quarter worth approximately $32,000. Align Financial LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $32,000. Finally, Independence Bank of Kentucky purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at approximately $35,000.
SPDR Portfolio Emerging Markets ETF Stock Performance
SPDR Portfolio Emerging Markets ETF stock opened at $49.83 on Thursday. The company’s fifty day moving average price is $51.22 and its 200 day moving average price is $50.71. SPDR Portfolio Emerging Markets ETF has a 1 year low of $45.28 and a 1 year high of $53.54. The stock has a market capitalization of $16.57 billion, a P/E ratio of 15.39 and a beta of 0.63.
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.
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