Melone Private Wealth LLC Acquires 8,543 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Melone Private Wealth LLC increased its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,492 shares of the company’s stock after purchasing an additional 8,543 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up 2.5% of Melone Private Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. Melone Private Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Planning lifted its holdings in 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 buying an additional 504,808 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after acquiring an additional 323,995 shares during the period. Richardson Financial Services Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $2,616,000. US Bancorp DE increased its position in SPDR Portfolio Emerging Markets ETF by 40.9% during the 1st quarter. US Bancorp DE now owns 13,995 shares of the company’s stock valued at $506,000 after purchasing an additional 4,063 shares during the period. Finally, Forbes Financial Planning Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 104.7% during the 2nd quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock worth $2,531,000 after purchasing an additional 34,371 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM traded up $0.29 during midday trading on Monday, reaching $42.63. The stock had a trading volume of 133,925 shares, compared to its average volume of 1,577,566. The company’s 50 day moving average price is $38.68 and its 200 day moving average price is $37.85. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.06 and a twelve month high of $42.79. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

SPDR Portfolio Emerging Markets ETF Company 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.