Gibbs Wealth Management Purchases 135,460 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Gibbs Wealth Management lifted its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 120.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 247,499 shares of the company’s stock after purchasing an additional 135,460 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.5% of Gibbs Wealth Management’s investment portfolio, making the stock its 12th largest position. Gibbs Wealth Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $11,610,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPEM. Brighton Jones LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $289,000. AQR Capital Management LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 80.2% in the 1st quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock worth $1,236,000 after buying an additional 13,972 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock worth $4,126,000 after buying an additional 6,463 shares during the last quarter. First Trust Advisors LP raised its position in shares of SPDR Portfolio Emerging Markets ETF by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 9,682 shares of the company’s stock valued at $414,000 after buying an additional 263 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at about $768,000.

SPDR Portfolio Emerging Markets ETF Trading Down 1.2%

Shares of NYSEARCA:SPEM opened at $50.48 on Friday. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 12 month low of $42.66 and a 12 month high of $53.54. The company has a 50-day moving average price of $51.59 and a 200 day moving average price of $50.09.

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.