125,971 Shares in SPDR Portfolio Emerging Markets ETF $SPEM Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 125,971 shares of the company’s stock, valued at approximately $6,520,000.

Several other institutional investors have also added to or reduced their stakes in SPEM. Elwood & Goetz Wealth Advisory Group LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth about $3,195,000. Ervin Investment Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $4,938,000. Parallel Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at about $4,260,000. Quantinno Capital Management LP boosted its holdings in SPDR Portfolio Emerging Markets ETF by 25.5% in the first quarter. Quantinno Capital Management LP now owns 79,830 shares of the company’s stock worth $3,745,000 after purchasing an additional 16,232 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its position in SPDR Portfolio Emerging Markets ETF by 107.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 163,531 shares of the company’s stock worth $7,671,000 after purchasing an additional 84,601 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $49.18 on Wednesday. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of 15.39 and a beta of 0.63. SPDR Portfolio Emerging Markets ETF has a 1-year low of $45.28 and a 1-year high of $53.54. The business’s fifty day moving average price is $51.28 and its 200-day moving average price is $50.71.

About SPDR Portfolio Emerging Markets ETF

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.