SPDR Portfolio Emerging Markets ETF $SPEM Shares Newly Acquired by Independent Wealth Network Inc.

Independent Wealth Network Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,260 shares of the company’s stock, valued at approximately $1,204,000.

Several other large investors have also recently made changes to their positions in the company. State Street Corp grew its position in SPDR Portfolio Emerging Markets ETF by 6.7% in the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after acquiring an additional 329,626 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of SPDR Portfolio Emerging Markets ETF by 12.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after purchasing an additional 237,526 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 16.5% in the 4th quarter. Corient Private Wealth LLC now owns 1,319,880 shares of the company’s stock valued at $61,784,000 after purchasing an additional 187,095 shares during the period. Royal Bank of Canada grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the 1st quarter. Royal Bank of Canada now owns 1,155,291 shares of the company’s stock valued at $54,194,000 after purchasing an additional 86,967 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.1% in the first quarter. Private Advisor Group LLC now owns 1,119,846 shares of the company’s stock valued at $52,532,000 after buying an additional 83,733 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM traded up $0.01 during trading on Monday, reaching $50.70. 393,164 shares of the stock were exchanged, compared to its average volume of 2,507,435. The business’s 50 day moving average price is $52.32 and its two-hundred day moving average price is $51.50. SPDR Portfolio Emerging Markets ETF has a 1 year low of $45.28 and a 1 year high of $53.54. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.

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.