Kraft Davis & Associates LLC Increases Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Kraft Davis & Associates LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1,402.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,739 shares of the company’s stock after buying an additional 73,500 shares during the quarter. Kraft Davis & Associates LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SPEM. Headlands Technologies LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $26,000. IMG Wealth Management Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $50,000. Compass Planning Associates Inc grew its position in SPDR Portfolio Emerging Markets ETF by 77.4% during the first quarter. Compass Planning Associates Inc now owns 1,274 shares of the company’s stock valued at $50,000 after buying an additional 556 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $60,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $42.32 on Thursday. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 14.82 and a beta of 0.55. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $42.88. The firm has a fifty day moving average price of $40.93 and a 200-day moving average price of $39.62.

SPDR Portfolio Emerging Markets ETF Company 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.