Sound Income Strategies LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Sound Income Strategies LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,093 shares of the company’s stock, valued at approximately $1,345,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPEM. State Street Corp boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after acquiring an additional 329,626 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 12.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock worth $109,932,000 after acquiring an additional 237,526 shares during the period. Focus Partners Wealth raised its stake in SPDR Portfolio Emerging Markets ETF by 6.3% in the 4th quarter. Focus Partners Wealth now owns 2,209,880 shares of the company’s stock worth $103,255,000 after purchasing an additional 130,182 shares in the last quarter. Mariner LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 7.8% in the 4th quarter. Mariner LLC now owns 1,811,376 shares of the company’s stock worth $84,791,000 after purchasing an additional 131,079 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 16.5% in the 4th quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock valued at $61,784,000 after purchasing an additional 187,095 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 1.3%

Shares of NYSEARCA:SPEM opened at $52.21 on Friday. The company’s 50 day moving average price is $52.35 and its two-hundred day moving average price is $51.28. SPDR Portfolio Emerging Markets ETF has a 12-month low of $45.28 and a 12-month high of $53.54. The firm has a market cap of $17.62 billion, a PE ratio of 15.39 and a beta of 0.61.

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.