Financial Gravity Companies Inc. Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Financial Gravity Companies Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 288,104 shares of the company’s stock, valued at approximately $12,314,000. SPDR Portfolio Emerging Markets ETF accounts for 1.9% of Financial Gravity Companies Inc.’s portfolio, making the stock its 13th largest holding. Financial Gravity Companies Inc. owned 0.10% of SPDR Portfolio Emerging Markets ETF as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SPEM. 3EDGE Asset Management LP boosted its stake in SPDR Portfolio Emerging Markets ETF by 309.6% during the 2nd quarter. 3EDGE Asset Management LP now owns 3,182,524 shares of the company’s stock valued at $135,997,000 after purchasing an additional 2,405,474 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth $57,992,000. Cassaday & Co Wealth Management LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 686.2% in the second quarter. Cassaday & Co Wealth Management LLC now owns 1,141,575 shares of the company’s stock valued at $48,791,000 after buying an additional 996,366 shares during the period. LPL Financial LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 6.1% during the first quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock valued at $421,513,000 after buying an additional 620,049 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its holdings in SPDR Portfolio Emerging Markets ETF by 3,503.2% during the second quarter. Capital Advisors Inc. OK now owns 416,459 shares of the company’s stock worth $17,799,000 after acquiring an additional 404,901 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.0%

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $47.45 on Friday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $48.56. The stock has a market cap of $14.65 billion, a PE ratio of 15.39 and a beta of 0.56. The company’s 50-day moving average price is $47.02 and its two-hundred day moving average price is $44.22.

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.