Fort Point Capital Partners LLC Has $16.57 Million Stock Position in SPDR Portfolio Emerging Markets ETF $SPEM

Fort Point Capital Partners LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 40.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 338,460 shares of the company’s stock after buying an additional 97,855 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises about 1.9% of Fort Point Capital Partners LLC’s portfolio, making the stock its 14th biggest position. Fort Point Capital Partners LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $16,574,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Paces Ferry Wealth Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 4.1% during the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock worth $236,000 after buying an additional 200 shares during the period. Mascagni Wealth Management Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 4.8% during the 4th quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock worth $211,000 after buying an additional 207 shares during the period. River Street Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock worth $567,000 after buying an additional 209 shares during the period. Kraft Davis & Associates LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 4.5% during the 4th quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock worth $240,000 after buying an additional 213 shares during the period. Finally, Captrust Financial Advisors raised its stake in SPDR Portfolio Emerging Markets ETF by 0.7% during the 3rd quarter. Captrust Financial Advisors now owns 32,698 shares of the company’s stock worth $1,531,000 after buying an additional 222 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $52.11 on Friday. The stock’s 50 day simple moving average is $50.96 and its 200 day simple moving average is $49.12. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $40.83 and a fifty-two week high of $53.54. The company has a market cap of $17.86 billion, a P/E ratio of 15.39 and a beta of 0.60.

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.