Independent Wealth Network Inc. Buys New Shares in SPDR Portfolio Emerging Markets ETF $SPEM

Independent Wealth Network Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,260 shares of the company’s stock, valued at approximately $1,204,000.

Other hedge funds have also made changes to their positions in the company. Trinity Wealth Management LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.9% in the 1st quarter. Trinity Wealth Management LLC now owns 21,496 shares of the company’s stock valued at $1,008,000 after purchasing an additional 201 shares in the last quarter. Kelman Lazarov Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 3.3% in the 1st quarter. Kelman Lazarov Inc. now owns 6,272 shares of the company’s stock worth $294,000 after buying an additional 203 shares in the last quarter. Paces Ferry Wealth Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 4.1% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 5,257 shares of the company’s stock valued at $247,000 after buying an additional 206 shares in the last quarter. Kraft Davis & Associates LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.7% in the 2nd quarter. Kraft Davis & Associates LLC now owns 12,406 shares of the company’s stock valued at $634,000 after purchasing an additional 207 shares during the period. Finally, United Asset Strategies Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 0.9% in the 1st quarter. United Asset Strategies Inc. now owns 24,806 shares of the company’s stock worth $1,164,000 after acquiring an additional 215 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock traded up $0.01 during trading on Monday, reaching $50.70. The company had a trading volume of 393,164 shares, compared to its average volume of 2,507,435. The firm’s 50 day simple moving average is $52.32 and its two-hundred day simple moving average is $51.50. The company has a market capitalization of $16.86 billion, a PE ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a one year low of $45.28 and a one year high of $53.54.

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.