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

Sound Financial Strategies Group LLC bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,611 shares of the company’s stock, valued at approximately $1,274,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Paces Ferry Wealth Advisors LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.1% in the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 5,257 shares of the company’s stock worth $247,000 after acquiring an additional 206 shares in the last quarter. Kraft Davis & Associates LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.7% during the second quarter. Kraft Davis & Associates LLC now owns 12,406 shares of the company’s stock worth $634,000 after acquiring an additional 207 shares in the last quarter. D.A. Davidson & CO. boosted its stake in SPDR Portfolio Emerging Markets ETF by 4.7% during the first quarter. D.A. Davidson & CO. now owns 5,175 shares of the company’s stock worth $243,000 after acquiring an additional 234 shares in the last quarter. Balefire LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 0.4% in the second quarter. Balefire LLC now owns 72,611 shares of the company’s stock worth $3,760,000 after purchasing an additional 255 shares during the period. Finally, Archer Investment Corp grew its holdings in SPDR Portfolio Emerging Markets ETF by 15.2% in the first quarter. Archer Investment Corp now owns 1,986 shares of the company’s stock worth $93,000 after purchasing an additional 262 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $49.20 on Thursday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The company has a 50 day simple moving average of $51.61 and a two-hundred day simple moving average of $50.72. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 15.39 and a beta of 0.63.

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.