David Kennon Inc Purchases 3,617 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

David Kennon Inc raised its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,900 shares of the company’s stock after purchasing an additional 3,617 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for about 2.5% of David Kennon Inc’s holdings, making the stock its 13th biggest holding. David Kennon Inc owned about 0.07% of SPDR Portfolio Emerging Markets ETF worth $5,910,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American National Bank raised its position in SPDR Portfolio Emerging Markets ETF by 179.0% in the fourth 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 position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $32,000. Lynx Investment Advisory bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth about $35,000. WASHINGTON TRUST Co bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth about $44,000. Finally, LRI Investments LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter worth about $101,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM traded up $0.55 during mid-day trading on Friday, reaching $38.81. 667,327 shares of the company were exchanged, compared to its average volume of 1,592,026. SPDR Portfolio Emerging Markets ETF has a 52 week low of $32.06 and a 52 week high of $39.32. The stock has a market capitalization of $9.21 billion, a PE ratio of 13.05 and a beta of 0.81. The business has a 50 day simple moving average of $37.99 and a two-hundred day simple moving average of $37.06.

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.