TRUE Private Wealth Advisors Purchases New Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

TRUE Private Wealth Advisors purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,834 shares of the company’s stock, valued at approximately $799,000.

Several other large investors have also recently added to or reduced their stakes in SPEM. FMR LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 30.5% during the third quarter. FMR LLC now owns 36,369 shares of the company’s stock worth $1,501,000 after acquiring an additional 8,494 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $219,000. Stifel Financial Corp lifted its position in SPDR Portfolio Emerging Markets ETF by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock valued at $2,665,000 after purchasing an additional 4,049 shares during the period. State Street Corp boosted its stake in shares of 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 purchasing an additional 591,019 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF by 11.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 21,943 shares of the company’s stock worth $906,000 after buying an additional 2,169 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Down 1.3 %

NYSEARCA SPEM opened at $34.72 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $42.88. The stock has a 50-day simple moving average of $39.29 and a 200 day simple moving average of $39.61. The company has a market capitalization of $9.18 billion, a PE ratio of 14.84 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.