Towercrest Capital Management Purchases 1,173 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Towercrest Capital Management increased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 171,526 shares of the company’s stock after buying an additional 1,173 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 1.0% of Towercrest Capital Management’s investment portfolio, making the stock its 29th largest position. Towercrest Capital Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $6,208,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SPEM. Anchor Investment Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $28,000. American National Bank boosted its stake in SPDR Portfolio Emerging Markets ETF by 179.0% in the 4th quarter. American National Bank now owns 809 shares of the company’s stock worth $29,000 after purchasing an additional 519 shares during the period. Frazier Financial Advisors LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at approximately $32,000. WASHINGTON TRUST Co bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at approximately $44,000. Finally, Tsfg LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth $70,000.

SPDR Portfolio Emerging Markets ETF Trading Down 0.9 %

Shares of NYSEARCA:SPEM traded down $0.36 during midday trading on Friday, reaching $37.87. 548,909 shares of the company were exchanged, compared to its average volume of 1,644,792. The stock has a market cap of $8.99 billion, a PE ratio of 13.05 and a beta of 0.81. The business’s fifty day moving average is $38.10 and its two-hundred day moving average is $36.49. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $39.32.

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.