Sterneck Capital Management LLC Has $11.33 Million Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Sterneck Capital Management LLC raised its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 295,298 shares of the company’s stock after purchasing an additional 1,370 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 6.1% of Sterneck Capital Management LLC’s portfolio, making the stock its 3rd largest position. Sterneck Capital Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $11,331,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 5.2% in the third quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after purchasing an additional 476,292 shares in the last quarter. Allworth Financial LP grew its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the 3rd quarter. Allworth Financial LP now owns 6,297,465 shares of the company’s stock worth $259,959,000 after buying an additional 67,205 shares during the period. State Street Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 10.4% in the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock valued at $259,668,000 after acquiring an additional 591,019 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock valued at $188,164,000 after acquiring an additional 323,995 shares during the period. Finally, Assetmark Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 10.2% during the third quarter. Assetmark Inc. now owns 2,212,515 shares of the company’s stock worth $91,333,000 after acquiring an additional 204,960 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.5 %

NYSEARCA:SPEM opened at $38.28 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 12 month low of $33.52 and a 12 month high of $42.88. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The firm has a fifty day simple moving average of $39.54 and a two-hundred day simple moving average of $39.18.

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.