Kingswood Wealth Advisors LLC Purchases 6,676 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Kingswood Wealth Advisors LLC lifted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 11.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,092 shares of the company’s stock after purchasing an additional 6,676 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,868,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Knuff & Co LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $29,000. Brooklyn Investment Group purchased a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth about $32,000. Sachetta LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 2,263.9% during the second quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after buying an additional 815 shares during the last quarter. Webster Bank N. A. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at $40,000. Finally, Wayfinding Financial LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth $36,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $47.48 on Tuesday. The company’s 50-day simple moving average is $45.13 and its 200-day simple moving average is $42.35. The stock has a market capitalization of $14.60 billion, a P/E ratio of 15.39 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $47.54.

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.