Spartan Planning & Wealth Management Makes New Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Spartan Planning & Wealth Management bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 88,149 shares of the company’s stock, valued at approximately $3,382,000. SPDR Portfolio Emerging Markets ETF accounts for 3.1% of Spartan Planning & Wealth Management’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of SPEM. State Street Corp raised its holdings in SPDR Portfolio Emerging Markets ETF by 10.4% in the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after acquiring an additional 591,019 shares in the last quarter. LPL Financial LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 5.2% during the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after purchasing an additional 476,292 shares during the period. Thrivent Financial for Lutherans grew its stake in SPDR Portfolio Emerging Markets ETF by 71.4% during the second quarter. Thrivent Financial for Lutherans now owns 920,076 shares of the company’s stock worth $34,659,000 after buying an additional 383,320 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock valued at $188,164,000 after buying an additional 323,995 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $13,246,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock traded down $0.10 on Tuesday, reaching $38.38. 711,985 shares of the stock were exchanged, compared to its average volume of 1,977,003. The firm has a market cap of $9.11 billion, a PE ratio of 13.05 and a beta of 0.81. The firm’s 50 day moving average is $39.59 and its 200-day moving average is $39.18. SPDR Portfolio Emerging Markets ETF has a one year low of $33.52 and a one year high of $42.88.

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.