SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) is Capital Wealth Management LLC’s 4th Largest Position

Capital Wealth Management LLC lifted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 378,883 shares of the company’s stock after buying an additional 8,952 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises 6.6% of Capital Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Capital Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $13,712,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $28,000. American National Bank raised its stake in SPDR Portfolio Emerging Markets ETF by 179.0% during the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after purchasing an additional 519 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $32,000. Tsfg LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $70,000. Finally, Fortitude Family Office LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $82,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM traded up $0.51 during trading hours on Thursday, reaching $38.38. 671,069 shares of the company traded hands, compared to its average volume of 1,667,728. The stock’s fifty day moving average is $37.73 and its 200 day moving average is $36.18. The stock has a market cap of $9.11 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1-year low of $32.06 and a 1-year high of $38.84.

SPDR Portfolio Emerging Markets ETF Company 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.