Partnership Wealth Management LLC Raises Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Partnership Wealth Management LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 605.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,089 shares of the company’s stock after purchasing an additional 42,993 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 1.5% of Partnership Wealth Management LLC’s portfolio, making the stock its 11th largest position. Partnership Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vista Investment Management grew its stake in SPDR Portfolio Emerging Markets ETF by 2.4% in the fourth quarter. Vista Investment Management now owns 89,725 shares of the company’s stock worth $3,177,000 after purchasing an additional 2,112 shares in the last quarter. Creative Planning increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.0% in the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock valued at $901,232,000 after acquiring an additional 504,808 shares during the last quarter. Vivaldi Capital Management LP raised its position in shares of SPDR Portfolio Emerging Markets ETF by 53.6% during the 4th quarter. Vivaldi Capital Management LP now owns 32,787 shares of the company’s stock valued at $1,128,000 after acquiring an additional 11,435 shares in the last quarter. Financial Network Wealth Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $1,015,000. Finally, Optimist Retirement Group LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth $4,596,000.

SPDR Portfolio Emerging Markets ETF Stock Down 3.0 %

Shares of NYSEARCA SPEM opened at $41.54 on Wednesday. The firm’s 50-day moving average price is $38.86 and its two-hundred day moving average price is $37.94. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $42.88. The stock has a market capitalization of $9.86 billion, a P/E 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.