Sugarloaf Wealth Management LLC Buys 5,705 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Sugarloaf Wealth Management LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,808 shares of the company’s stock after purchasing an additional 5,705 shares during the period. SPDR Portfolio Emerging Markets ETF makes up about 1.6% of Sugarloaf Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Sugarloaf Wealth Management LLC owned approximately 0.10% of SPDR Portfolio Emerging Markets ETF worth $9,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. Bahl & Gaynor Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at about $212,000. Meeder Advisory Services Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 43.7% during the second quarter. Meeder Advisory Services Inc. now owns 626,029 shares of the company’s stock worth $23,583,000 after purchasing an additional 190,371 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at $472,000. Wrapmanager Inc. increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2.5% in the 2nd quarter. Wrapmanager Inc. now owns 162,159 shares of the company’s stock valued at $6,109,000 after buying an additional 3,918 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after buying an additional 323,995 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM traded down $0.66 on Friday, reaching $37.38. The company’s stock had a trading volume of 1,131,193 shares, compared to its average volume of 1,824,210. SPDR Portfolio Emerging Markets ETF has a 1-year low of $33.52 and a 1-year high of $42.88. The business’s 50-day moving average price is $39.45 and its two-hundred day moving average price is $39.16. The firm has a market cap of $8.87 billion, a PE ratio of 13.05 and a beta of 0.81.

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.