Forbes Financial Planning Inc. Boosts Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Forbes Financial Planning Inc. raised its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,812 shares of the company’s stock after buying an additional 676 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for 2.1% of Forbes Financial Planning Inc.’s investment portfolio, making the stock its 19th biggest holding. Forbes Financial Planning Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,832,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 5.2% in the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock valued at $398,116,000 after buying an additional 476,292 shares during the last quarter. Allworth Financial LP increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.0% during the 4th quarter. Allworth Financial LP now owns 6,486,557 shares of the company’s stock worth $250,381,000 after purchasing an additional 189,092 shares during the last quarter. State Street Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 10.4% during the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after purchasing an additional 591,019 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 37.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock worth $103,397,000 after purchasing an additional 740,980 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 13.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,314,948 shares of the company’s stock worth $88,825,000 after purchasing an additional 274,079 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.4 %

Shares of SPEM stock opened at $40.47 on Wednesday. The company has a 50 day moving average of $39.12 and a 200-day moving average of $39.57. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The firm has a market cap of $10.70 billion, a P/E ratio of 14.80 and a beta of 0.67.

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.