New Century Financial Group LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

New Century Financial Group LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 20,594 shares of the company’s stock, valued at approximately $776,000.

Several other institutional investors also recently modified their holdings of the company. CFS Investment Advisory Services LLC increased its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the fourth quarter. CFS Investment Advisory Services LLC now owns 103,296 shares of the company’s stock worth $3,658,000 after buying an additional 4,447 shares during the last quarter. Valley Financial Group Inc. acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $4,849,000. Creative Planning increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2.0% during the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after acquiring an additional 504,808 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 6.9% in 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, Richardson Financial Services Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $2,616,000.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock opened at $41.26 on Tuesday. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $41.90. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The company has a fifty day moving average price of $38.31 and a two-hundred day moving average price of $37.68.

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.