SPDR Portfolio Emerging Markets ETF $SPEM Stock Holdings Raised by Palatine Hill Wealth Management LLC

by · The Markets Daily

Palatine Hill Wealth Management LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 9.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 151,821 shares of the company’s stock after acquiring an additional 13,316 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for about 5.6% of Palatine Hill Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Palatine Hill Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,858,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth $27,000. Align Financial LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $32,000. Independence Bank of Kentucky purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $35,000. Robinswood Financial LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc bought a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $57,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM traded up $0.80 during midday trading on Friday, reaching $48.22. 3,249,015 shares of the company’s stock traded hands, compared to its average volume of 2,505,306. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.63. The firm has a fifty day moving average of $51.42 and a two-hundred day moving average of $50.71.

SPDR Portfolio Emerging Markets ETF Profile

(Free Report)

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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