KFG Wealth Management LLC Makes New $16.49 Million Investment in SPDR Portfolio Emerging Markets ETF $SPEM

KFG Wealth Management LLC acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, Holdings Channel reports. The firm acquired 318,514 shares of the company’s stock, valued at approximately $16,486,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.8% of KFG Wealth Management LLC’s investment portfolio, making the stock its 14th largest position.

Several other institutional investors have also added to or reduced their stakes in SPEM. James T. Borello RIA lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.1% in the 3rd quarter. James T. Borello RIA now owns 114,394 shares of the company’s stock worth $5,921,000 after purchasing an additional 6,624 shares during the period. Stanich Group LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.3% during the 3rd quarter. Stanich Group LLC now owns 13,280 shares of the company’s stock valued at $687,000 after purchasing an additional 293 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at about $2,150,000. Clearview Wealth Management LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at about $719,000. Finally, Sherman Wealth Management LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 5.2% during the third quarter. Sherman Wealth Management LLC now owns 44,135 shares of the company’s stock valued at $2,284,000 after buying an additional 2,172 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock traded down $0.66 during trading on Friday, reaching $50.69. The company had a trading volume of 1,725,308 shares, compared to its average volume of 2,518,503. SPDR Portfolio Emerging Markets ETF has a 52 week low of $45.28 and a 52 week high of $53.54. The company has a market cap of $16.86 billion, a P/E ratio of 15.39 and a beta of 0.61. The business has a 50 day moving average of $52.32 and a 200 day moving average of $51.46.

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.