IMG Wealth Management Inc. Purchases New Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

IMG Wealth Management Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 709 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SPEM. Raymond James Financial Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $76,342,000. BlueStem Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $38,051,000. Bank of New York Mellon Corp increased its position in shares of SPDR Portfolio Emerging Markets ETF by 37.9% during 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 acquiring an additional 740,980 shares during the last quarter. State Street Corp increased its position in shares of SPDR Portfolio Emerging Markets ETF by 10.4% during the third 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 during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $19,872,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $40.63 on Tuesday. The business has a fifty day simple moving average of $39.08 and a two-hundred day simple moving average of $39.56. SPDR Portfolio Emerging Markets ETF has a 1 year low of $35.00 and a 1 year high of $42.88. The company has a market capitalization of $10.74 billion, a P/E ratio of 14.80 and a beta of 0.67.

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.