GK Wealth Management LLC Invests $2.09 Million in SPDR Portfolio Emerging Markets ETF $SPEM

GK Wealth Management LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 40,318 shares of the company’s stock, valued at approximately $2,088,000. SPDR Portfolio Emerging Markets ETF comprises approximately 1.1% of GK Wealth Management LLC’s portfolio, making the stock its 21st largest position.

A number of other large investors have also made changes to their positions in SPEM. Midwest Capital Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 33.3% in the 4th quarter. Midwest Capital Advisors LLC now owns 407,988 shares of the company’s stock valued at $19,098,000 after purchasing an additional 101,817 shares in the last quarter. Brooklyn FI LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 19.9% during the fourth quarter. Brooklyn FI LLC now owns 144,230 shares of the company’s stock worth $6,751,000 after buying an additional 23,983 shares in the last quarter. Lunt Capital Management Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $569,000. McNamara Financial Services Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 1.6% in the fourth quarter. McNamara Financial Services Inc. now owns 869,793 shares of the company’s stock valued at $40,715,000 after buying an additional 13,566 shares during the last quarter. Finally, Forefront Wealth Partners LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 28.8% during the fourth quarter. Forefront Wealth Partners LLC now owns 52,564 shares of the company’s stock valued at $2,461,000 after buying an additional 11,756 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $52.02 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $43.22 and a 1 year high of $53.54. The company’s 50 day simple moving average is $51.50 and its 200 day simple moving average is $50.21. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60.

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.