6,474 Shares in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Purchased by High Net Worth Advisory Group LLC

High Net Worth Advisory Group LLC acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,474 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 56.4% in the second quarter. Bank of Montreal Can now owns 9,734 shares of the company’s stock valued at $367,000 after acquiring an additional 3,510 shares in the last quarter. Magnolia Capital Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $10,530,000. NewEdge Advisors LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 13.7% during the 2nd quarter. NewEdge Advisors LLC now owns 521,821 shares of the company’s stock valued at $19,657,000 after purchasing an additional 63,019 shares during the last quarter. Wallace Advisory Group LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.1% during the 2nd quarter. Wallace Advisory Group LLC now owns 13,455 shares of the company’s stock worth $507,000 after purchasing an additional 533 shares during the period. Finally, Second Line Capital LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.5% in the 2nd quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock worth $7,683,000 after buying an additional 8,783 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM opened at $38.92 on Monday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.94 and a fifty-two week high of $42.88. The firm has a 50-day moving average of $39.01 and a 200 day moving average of $39.18. The firm has a market cap of $9.24 billion, a P/E ratio of 13.05 and a beta of 0.81.

SPDR Portfolio Emerging Markets ETF 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.