Moss Adams Wealth Advisors LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 231,478 shares of the company’s stock, valued at approximately $11,981,000. SPDR Portfolio Emerging Markets ETF comprises approximately 0.8% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 17th largest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of SPEM. Summit Global Investments bought a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth about $12,674,000. MGO One Seven LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $580,000. Curtis Advisory Group LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $912,000. Morling Financial Advisors LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.5% in the third quarter. Morling Financial Advisors LLC now owns 15,439 shares of the company’s stock worth $799,000 after purchasing an additional 671 shares in the last quarter. Finally, Modera Wealth Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $1,349,000.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of NYSEARCA:SPEM opened at $48.47 on Friday. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. The stock’s 50 day moving average price is $51.83 and its 200 day moving average price is $50.72. SPDR Portfolio Emerging Markets ETF has a 12 month low of $45.28 and a 12 month high of $53.54.
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.
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Want to see what other hedge funds are holding SPEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report).
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