Gibbs Wealth Management Boosts Position in SPDR Portfolio Emerging Markets ETF $SPEM

Gibbs Wealth Management raised its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 120.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 247,499 shares of the company’s stock after purchasing an additional 135,460 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.5% of Gibbs Wealth Management’s holdings, making the stock its 12th biggest position. Gibbs Wealth Management owned about 0.07% of SPDR Portfolio Emerging Markets ETF worth $11,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $26,000. Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth $27,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $32,000. Front Row Advisors LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 147.9% in the 3rd quarter. Front Row Advisors LLC now owns 771 shares of the company’s stock worth $36,000 after purchasing an additional 460 shares during the period. Finally, IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $37,000.

SPDR Portfolio Emerging Markets ETF Stock Down 1.2%

SPEM stock opened at $50.48 on Friday. SPDR Portfolio Emerging Markets ETF has a twelve month low of $42.66 and a twelve month high of $53.54. The stock has a market cap of $17.09 billion, a P/E ratio of 15.39 and a beta of 0.60. The business’s 50-day moving average price is $51.59 and its 200-day moving average price is $50.09.

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.