Vericrest Private Wealth Invests $1.01 Million in SPDR Portfolio Emerging Markets ETF $SPEM

Vericrest Private Wealth bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 21,550 shares of the company’s stock, valued at approximately $1,009,000. SPDR Portfolio Emerging Markets ETF accounts for about 0.9% of Vericrest Private Wealth’s holdings, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPEM. Charles Schwab Investment Management Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 20.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock valued at $743,082,000 after acquiring an additional 2,653,013 shares during the last quarter. LPL Financial LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock worth $729,630,000 after purchasing an additional 1,758,866 shares during the last quarter. Allworth Financial LP increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.0% during the 4th quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock valued at $437,929,000 after purchasing an additional 94,029 shares during the period. Morgan Stanley increased its holdings in SPDR Portfolio Emerging Markets ETF by 9.8% during the 4th quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock valued at $327,570,000 after purchasing an additional 622,595 shares during the period. Finally, Ameriprise Financial Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock valued at $228,232,000 after purchasing an additional 279,126 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM opened at $53.08 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $40.83 and a fifty-two week high of $53.54. The stock has a 50 day simple moving average of $51.51 and a two-hundred day simple moving average of $49.33. The stock has a market cap of $18.20 billion, a P/E ratio of 15.39 and a beta of 0.60.

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.