Cornerstone Wealth Management LLC Increases Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cornerstone Wealth Management LLC boosted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,201 shares of the company’s stock after buying an additional 3,640 shares during the period. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPEM. Wedmont Private Capital increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the first quarter. Wedmont Private Capital now owns 43,028 shares of the company’s stock worth $1,593,000 after acquiring an additional 278 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 2.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 15,625 shares of the company’s stock worth $553,000 after acquiring an additional 301 shares during the period. River Street Advisors LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 3.1% in the 1st quarter. River Street Advisors LLC now owns 10,328 shares of the company’s stock worth $374,000 after purchasing an additional 309 shares in the last quarter. Vantage Investment Partners LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 4.3% during the fourth quarter. Vantage Investment Partners LLC now owns 7,550 shares of the company’s stock worth $267,000 after buying an additional 310 shares in the last quarter. Finally, Eudaimonia Advisors LLC grew its position in SPDR Portfolio Emerging Markets ETF by 2.1% during the fourth quarter. Eudaimonia Advisors LLC now owns 16,180 shares of the company’s stock valued at $573,000 after buying an additional 329 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $38.38 on Friday. The firm has a 50-day simple moving average of $37.78 and a two-hundred day simple moving average of $36.20. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $32.06 and a fifty-two week high of $38.84. The company has a market cap of $9.11 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.