Signet Financial Management LLC Boosts Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Signet Financial Management LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,087 shares of the company’s stock after acquiring an additional 905 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up 0.9% of Signet Financial Management LLC’s portfolio, making the stock its 27th biggest position. Signet Financial Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPEM. Archer Investment Corp purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth about $39,000. Hershey Financial Advisers LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $49,000. McClarren Financial Advisors Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 583.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock worth $106,000 after acquiring an additional 2,193 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $121,000. Finally, Abound Wealth Management lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 420.2% in the 4th quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock valued at $131,000 after purchasing an additional 2,761 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock traded down $0.27 during midday trading on Monday, hitting $37.07. The stock had a trading volume of 3,340,701 shares, compared to its average volume of 2,114,714. The business has a 50-day moving average of $39.39 and a two-hundred day moving average of $39.18. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 52-week low of $33.52 and a 52-week high of $42.88.

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.