Founders Financial Alliance LLC Grows Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Founders Financial Alliance LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 19.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,905 shares of the company’s stock after buying an additional 649 shares during the quarter. Founders Financial Alliance LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SPEM. Raymond James Financial Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $76,342,000. BlueStem Wealth Partners LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $38,051,000. Bank of New York Mellon Corp raised its position in SPDR Portfolio Emerging Markets ETF by 37.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after purchasing an additional 740,980 shares during the period. State Street Corp boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after buying an additional 591,019 shares during the period. Finally, LPL Financial LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 5.2% in the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after acquiring an additional 476,292 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

SPDR Portfolio Emerging Markets ETF stock opened at $39.32 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67. The firm’s fifty day moving average price is $38.96 and its 200 day moving average price is $39.52.

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.