Arax Advisory Partners Invests $8.70 Million in SPDR Portfolio Emerging Markets ETF $SPEM

Arax Advisory Partners acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 185,754 shares of the company’s stock, valued at approximately $8,695,000.

Other large investors also recently modified their holdings of the company. First Command Advisory Services Inc. bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $26,000. Hantz Financial Services Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 2,031.0% during the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock worth $27,000 after acquiring an additional 589 shares in the last quarter. Front Row Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 147.9% during the third quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after acquiring an additional 460 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $37,000. Finally, Signaturefd LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $40,000.

SPDR Portfolio Emerging Markets ETF Stock Up 0.9%

Shares of NYSEARCA SPEM opened at $52.11 on Friday. The firm has a market cap of $17.86 billion, a PE ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 12-month low of $40.83 and a 12-month high of $53.54. The company’s fifty day simple moving average is $50.96 and its 200 day simple moving average is $49.12.

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.