Palatine Hill Wealth Management LLC Invests $5.97 Million in SPDR Portfolio Emerging Markets ETF $SPEM

Palatine Hill Wealth Management LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 127,490 shares of the company’s stock, valued at approximately $5,968,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 4.8% of Palatine Hill Wealth Management LLC’s holdings, making the stock its 5th largest position.

Several other hedge funds have also made changes to their positions in SPEM. Allworth Financial LP lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 38.5% during the third quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock worth $433,528,000 after purchasing an additional 2,572,333 shares in the last quarter. NorthRock Partners LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 38,107.1% in the third quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock valued at $51,776,000 after acquiring an additional 1,103,200 shares in the last quarter. HighTower Advisors LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 51.5% in the fourth quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock valued at $122,933,000 after acquiring an additional 893,023 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in SPDR Portfolio Emerging Markets ETF by 82.8% in the third quarter. JPMorgan Chase & Co. now owns 1,815,376 shares of the company’s stock valued at $84,978,000 after acquiring an additional 822,327 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in SPDR Portfolio Emerging Markets ETF by 54.2% in the third quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock valued at $107,703,000 after acquiring an additional 809,020 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 1.2%

Shares of NYSEARCA:SPEM opened at $53.39 on Wednesday. The firm’s 50 day moving average price is $49.98 and its 200 day moving average price is $48.83. The stock has a market cap of $18.30 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $40.83 and a fifty-two week high of $53.54.

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.