Cascade Financial Partners LLC Has $7.48 Million Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cascade Financial Partners LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,861 shares of the company’s stock after purchasing an additional 13,483 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 0.9% of Cascade Financial Partners LLC’s holdings, making the stock its 20th biggest holding. Cascade Financial Partners LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,475,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in SPDR Portfolio Emerging Markets ETF by 6.1% in the 1st quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock valued at $421,513,000 after acquiring an additional 620,049 shares in the last quarter. Allworth Financial LP increased its position in SPDR Portfolio Emerging Markets ETF by 1.2% in the 1st quarter. Allworth Financial LP now owns 6,567,549 shares of the company’s stock valued at $257,842,000 after acquiring an additional 80,992 shares in the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock valued at $250,466,000 after acquiring an additional 461,936 shares in the last quarter. TIAA Trust National Association increased its position in SPDR Portfolio Emerging Markets ETF by 4.3% in the 1st quarter. TIAA Trust National Association now owns 6,065,716 shares of the company’s stock valued at $238,807,000 after acquiring an additional 252,016 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the 4th quarter. Ameriprise Financial Inc. now owns 5,027,304 shares of the company’s stock valued at $192,971,000 after purchasing an additional 313,716 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 0.3%

Shares of NYSEARCA SPEM opened at $44.34 on Friday. The firm has a market capitalization of $12.90 billion, a PE ratio of 15.39 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $44.73. The firm’s 50-day moving average is $43.05 and its 200-day moving average is $40.81.

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.