Palatine Hill Wealth Management LLC Buys Shares of 127,490 SPDR Portfolio Emerging Markets ETF $SPEM

Palatine Hill Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 127,490 shares of the company’s stock, valued at approximately $5,968,000. SPDR Portfolio Emerging Markets ETF comprises approximately 4.8% of Palatine Hill Wealth Management LLC’s holdings, making the stock its 5th biggest holding.

A number of other large investors also recently bought and sold shares of the stock. Allworth Financial LP lifted its position in SPDR Portfolio Emerging Markets ETF by 1.0% in the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock valued at $437,929,000 after buying an additional 94,029 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 7.1% in the third quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock valued at $325,188,000 after buying an additional 462,591 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 5.5% during 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. Northwestern Mutual Wealth Management Co. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 3.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,503,688 shares of the company’s stock worth $164,008,000 after purchasing an additional 123,404 shares in the last quarter. Finally, 3EDGE Asset Management LP lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.6% during the fourth quarter. 3EDGE Asset Management LP now owns 3,253,661 shares of the company’s stock worth $152,304,000 after purchasing an additional 18,037 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $53.39 on Wednesday. The stock has a market capitalization of $18.30 billion, a PE ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1 year low of $40.83 and a 1 year high of $53.54. The company’s 50-day simple moving average is $49.98 and its 200-day simple moving average is $48.83.

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.