Partnership Wealth Management LLC Grows Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Partnership Wealth Management LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,872 shares of the company’s stock after buying an additional 4,783 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises 1.8% of Partnership Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Partnership Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,105,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth $39,000. Hershey Financial Advisers LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $49,000. Strategic Financial Concepts LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 649.3% in the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after buying an additional 128,861 shares during the period. McClarren Financial Advisors Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 583.2% during the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock worth $106,000 after buying an additional 2,193 shares in the last quarter. Finally, JGP Wealth Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter valued at about $204,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA:SPEM traded down $0.24 on Wednesday, hitting $38.04. The stock had a trading volume of 1,259,842 shares, compared to its average volume of 1,979,638. The firm’s 50 day moving average price is $39.54 and its 200-day moving average price is $39.18. SPDR Portfolio Emerging Markets ETF has a twelve month low of $33.52 and a twelve month high of $42.88. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

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.