Turning Point Benefit Group Inc. Buys New Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Turning Point Benefit Group Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 96,930 shares of the company’s stock, valued at approximately $3,712,000. SPDR Portfolio Emerging Markets ETF makes up 3.5% of Turning Point Benefit Group Inc.’s holdings, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vicus Capital boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.6% during the 4th quarter. Vicus Capital now owns 11,981 shares of the company’s stock worth $460,000 after buying an additional 299 shares in the last quarter. Occidental Asset Management LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the 4th quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after buying an additional 312 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.3% during the 4th quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock worth $110,000 after buying an additional 316 shares in the last quarter. Iams Wealth Management LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the 4th quarter. Iams Wealth Management LLC now owns 29,858 shares of the company’s stock worth $1,146,000 after purchasing an additional 330 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.8% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 18,744 shares of the company’s stock worth $719,000 after purchasing an additional 330 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2 %

Shares of SPEM opened at $40.35 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The business’s fifty day moving average is $38.86 and its 200 day moving average is $39.34. The stock has a market cap of $9.58 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.