Heritage Wealth Management LLC Makes New $16.84 Million Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Heritage Wealth Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 475,630 shares of the company’s stock, valued at approximately $16,842,000. SPDR Portfolio Emerging Markets ETF makes up about 9.1% of Heritage Wealth Management LLC’s holdings, making the stock its biggest holding. Heritage Wealth Management LLC owned 0.22% of SPDR Portfolio Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of SPEM. Lincoln National Corp raised its position in SPDR Portfolio Emerging Markets ETF by 3.6% in the third quarter. Lincoln National Corp now owns 8,838 shares of the company’s stock worth $297,000 after acquiring an additional 310 shares during the period. Vantage Investment Partners LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 4.3% during the fourth quarter. Vantage Investment Partners LLC now owns 7,550 shares of the company’s stock valued at $267,000 after purchasing an additional 310 shares during the period. Eudaimonia Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF by 2.1% in the fourth quarter. Eudaimonia Advisors LLC now owns 16,180 shares of the company’s stock worth $573,000 after buying an additional 329 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 15.5% during the 4th quarter. Valley National Advisers Inc. now owns 2,512 shares of the company’s stock valued at $88,000 after buying an additional 338 shares during the last quarter. Finally, USAdvisors Wealth Management LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 0.4% in the 3rd quarter. USAdvisors Wealth Management LLC now owns 94,228 shares of the company’s stock worth $3,163,000 after acquiring an additional 343 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM traded up $0.59 during trading on Thursday, hitting $37.08. 485,670 shares of the company’s stock traded hands, compared to its average volume of 1,879,982. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 12.30 and a beta of 0.79. The business has a 50 day moving average of $36.07 and a 200-day moving average of $34.96. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $37.08.

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.