Financial Strategies Group Inc. Increases Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Strategies Group Inc. increased its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,024 shares of the company’s stock after purchasing an additional 17,746 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for about 5.7% of Financial Strategies Group Inc.’s investment portfolio, making the stock its 4th largest holding. Financial Strategies Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $19,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth approximately $28,000. Sanctuary Wealth Management L.L.C. bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth approximately $28,000. PCA Investment Advisory Services Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth approximately $32,000. Carmichael Hill & Associates Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at $32,000. Finally, BNP Paribas Arbitrage SNC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at $36,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM traded down $0.48 during trading on Tuesday, hitting $35.29. The company had a trading volume of 4,108,156 shares, compared to its average volume of 1,934,457. The company has a market cap of $8.38 billion, a P/E ratio of 12.11 and a beta of 0.78. SPDR Portfolio Emerging Markets ETF has a 52 week low of $32.06 and a 52 week high of $37.06. The business’s 50-day moving average is $35.85 and its 200 day moving average is $34.75.

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.