Independent Advisor Alliance raised its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 6,357.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 328,192 shares of the company’s stock after buying an additional 323,110 shares during the quarter. Independent Advisor Alliance owned approximately 0.14% of SPDR Portfolio Emerging Markets ETF worth $12,593,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Compass Planning Associates Inc purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $28,000. Archer Investment Corp purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $39,000. Strategic Wealth Investment Group LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $46,000. Rialto Wealth Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $60,000. Finally, SBI Securities Co. Ltd. purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $64,000.
SPDR Portfolio Emerging Markets ETF Stock Down 2.3 %
Shares of NYSEARCA:SPEM opened at $39.05 on Tuesday. The business has a fifty day moving average of $38.94 and a two-hundred day moving average of $39.51. The stock has a market cap of $10.20 billion, a P/E ratio of 14.32 and a beta of 0.66. SPDR Portfolio Emerging Markets ETF has a 52-week low of $35.00 and a 52-week high of $42.88.
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.
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