Sherman Wealth Management LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Sherman Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 37,475 shares of the company’s stock, valued at approximately $1,754,000. SPDR Portfolio Emerging Markets ETF makes up about 1.5% of Sherman Wealth Management LLC’s holdings, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 3.3% during the 3rd quarter. CWM LLC now owns 2,263,731 shares of the company’s stock valued at $105,965,000 after purchasing an additional 73,219 shares in the last quarter. BlueStem Wealth Partners LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the third quarter. BlueStem Wealth Partners LLC now owns 1,049,706 shares of the company’s stock valued at $49,137,000 after acquiring an additional 65,492 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 45.5% during the third quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock valued at $2,741,000 after acquiring an additional 18,303 shares in the last quarter. Cerity Partners LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the third quarter. Cerity Partners LLC now owns 2,688,945 shares of the company’s stock worth $125,869,000 after acquiring an additional 18,041 shares during the last quarter. Finally, Axos Invest Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth about $1,471,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $45.57 on Monday. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $51.35. The stock has a 50-day moving average price of $48.92 and a 200 day moving average price of $47.77. The company has a market capitalization of $15.22 billion, a P/E ratio of 15.39 and a beta of 0.56.

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.