PFG Private Wealth Management LLC Takes Position in SPDR Portfolio Emerging Markets ETF $SPEM

PFG Private Wealth Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 76,589 shares of the company’s stock, valued at approximately $3,585,000. SPDR Portfolio Emerging Markets ETF comprises approximately 1.6% of PFG Private Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. Ritholtz Wealth Management raised its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the third quarter. Ritholtz Wealth Management now owns 19,379 shares of the company’s stock valued at $907,000 after buying an additional 210 shares during the last quarter. Verus Capital Partners LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 1.3% in the 2nd quarter. Verus Capital Partners LLC now owns 18,408 shares of the company’s stock valued at $787,000 after acquiring an additional 235 shares in the last quarter. Rockbridge Investment Management LCC raised its holdings in SPDR Portfolio Emerging Markets ETF by 1.0% in the 2nd quarter. Rockbridge Investment Management LCC now owns 25,083 shares of the company’s stock valued at $1,072,000 after acquiring an additional 239 shares in the last quarter. Echo Wealth Management LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.4% in the 3rd quarter. Echo Wealth Management LLC now owns 61,832 shares of the company’s stock worth $2,894,000 after acquiring an additional 242 shares during the period. Finally, Apollon Wealth Management LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.5% during the 2nd quarter. Apollon Wealth Management LLC now owns 16,893 shares of the company’s stock worth $722,000 after purchasing an additional 244 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 1.3%

SPEM opened at $50.29 on Friday. The stock’s 50 day simple moving average is $48.24 and its 200-day simple moving average is $46.80. The stock has a market cap of $16.80 billion, a PE ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $51.05.

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.