Fonville Wealth Management LLC Makes New $2.45 Million Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Fonville Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 69,073 shares of the company’s stock, valued at approximately $2,446,000. SPDR Portfolio Emerging Markets ETF accounts for 1.3% of Fonville Wealth Management LLC’s holdings, making the stock its 28th largest position.

Several other institutional investors also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF by 87,882.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 203,176,699 shares of the company’s stock worth $6,696,704,000 after buying an additional 202,945,771 shares during the period. Creative Planning increased its position in SPDR Portfolio Emerging Markets ETF by 4.5% in the 3rd quarter. Creative Planning now owns 24,946,540 shares of the company’s stock worth $837,455,000 after buying an additional 1,075,145 shares during the period. Financial Engines Advisors L.L.C. increased its position in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the third quarter. Financial Engines Advisors L.L.C. now owns 15,957,265 shares of the company’s stock valued at $535,685,000 after purchasing an additional 1,034,877 shares during the period. LPL Financial LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2.5% during the third quarter. LPL Financial LLC now owns 9,186,124 shares of the company’s stock valued at $308,378,000 after purchasing an additional 223,449 shares during the period. Finally, Allworth Financial LP increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2.5% during the fourth quarter. Allworth Financial LP now owns 5,948,847 shares of the company’s stock valued at $210,649,000 after purchasing an additional 144,613 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM traded up $0.11 on Thursday, reaching $35.49. 1,114,541 shares of the stock traded hands, compared to its average volume of 1,925,041. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 12.11 and a beta of 0.78. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.06 and a 12 month high of $37.06. The stock’s 50-day moving average price is $35.86 and its 200-day moving average price is $34.77.

About SPDR Portfolio Emerging Markets ETF

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.