Cabot Wealth Management Inc. Makes New Investment in SPDR MSCI Emerging Markets StrategicFactors ETF $QEMM

Cabot Wealth Management Inc. bought a new position in SPDR MSCI Emerging Markets StrategicFactors ETF (NYSEARCA:QEMM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 73,735 shares of the company’s stock, valued at approximately $5,922,000. Cabot Wealth Management Inc. owned about 0.10% of SPDR MSCI Emerging Markets StrategicFactors ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF during the 2nd quarter valued at $27,000. Ethic Inc. boosted its position in SPDR MSCI Emerging Markets StrategicFactors ETF by 54.0% during the third quarter. Ethic Inc. now owns 8,896 shares of the company’s stock worth $715,000 after purchasing an additional 3,118 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of SPDR MSCI Emerging Markets StrategicFactors ETF in the third quarter worth about $361,000. Premier Path Wealth Partners LLC increased its stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF by 12.8% in the second quarter. Premier Path Wealth Partners LLC now owns 44,797 shares of the company’s stock worth $3,580,000 after purchasing an additional 5,084 shares in the last quarter. Finally, DWM Financial Group Inc. bought a new stake in shares of SPDR MSCI Emerging Markets StrategicFactors ETF in the third quarter valued at approximately $711,000.

SPDR MSCI Emerging Markets StrategicFactors ETF Trading Up 1.6%

Shares of QEMM stock opened at $76.74 on Thursday. The stock has a market capitalization of $55.64 million, a P/E ratio of 13.59 and a beta of 0.67. The firm’s 50 day moving average is $79.50 and its 200 day moving average is $77.03. SPDR MSCI Emerging Markets StrategicFactors ETF has a 12 month low of $63.92 and a 12 month high of $83.21.

About SPDR MSCI Emerging Markets StrategicFactors ETF

The SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM) is an exchange-traded fund that is based on the MSCI EM Factor Mix A-Series (USD) index. The fund tracks an index of emerging-market securities equally-weighted between 3 sub-indexes that focus on value, minimum volatility and quality. QEMM was launched on Jun 4, 2014 and is managed by State Street.