Peterson Wealth Advisors LLC Buys 22,221 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Peterson Wealth Advisors LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 59.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,311 shares of the company’s stock after buying an additional 22,221 shares during the period. SPDR Portfolio Emerging Markets ETF comprises approximately 0.4% of Peterson Wealth Advisors LLC’s holdings, making the stock its 28th largest position. Peterson Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock valued at $2,665,000 after purchasing an additional 4,049 shares during the period. Second Line Capital LLC grew its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the second quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock valued at $7,683,000 after buying an additional 8,783 shares during the period. SPC Financial Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 5.1% during the second quarter. SPC Financial Inc. now owns 79,752 shares of the company’s stock valued at $3,004,000 after buying an additional 3,889 shares during the last quarter. Advisory Resource Group raised its position in SPDR Portfolio Emerging Markets ETF by 5.4% in the third quarter. Advisory Resource Group now owns 60,213 shares of the company’s stock worth $2,486,000 after acquiring an additional 3,068 shares during the period. Finally, JPMorgan Chase & Co. raised its position in SPDR Portfolio Emerging Markets ETF by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 637,654 shares of the company’s stock worth $26,322,000 after acquiring an additional 19,370 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock opened at $38.60 on Thursday. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.91 and a 1 year high of $42.88. The firm has a fifty day moving average price of $39.03 and a 200-day moving average price of $39.18.

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.