Palisade Asset Management LLC Purchases Shares of 6,543 SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Palisade Asset Management LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 6,543 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors have also recently bought and sold shares of SPEM. N.E.W. Advisory Services LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 1.3% in the 4th quarter. N.E.W. Advisory Services LLC now owns 480,808 shares of the company’s stock worth $17,025,000 after acquiring an additional 6,115 shares during the period. Apollon Wealth Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 55.8% in the 4th quarter. Apollon Wealth Management LLC now owns 32,937 shares of the company’s stock valued at $1,166,000 after buying an additional 11,793 shares during the period. Lincoln National Corp increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.6% during the 4th quarter. Lincoln National Corp now owns 9,599 shares of the company’s stock valued at $340,000 after acquiring an additional 761 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 14.4% during the 4th quarter. Private Advisor Group LLC now owns 1,293,431 shares of the company’s stock worth $45,800,000 after acquiring an additional 162,689 shares during the period. Finally, AllGen Financial Advisors Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth approximately $2,835,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM traded down $0.24 during trading hours on Tuesday, reaching $37.42. 747,141 shares of the company were exchanged, compared to its average volume of 1,857,869. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 12.30 and a beta of 0.79. The stock has a 50 day simple moving average of $36.21 and a 200 day simple moving average of $35.10. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $37.69.

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.