World Equity Group Inc. Makes New $714,000 Investment in SPDR Portfolio Emerging Markets ETF $SPEM

World Equity Group Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,785 shares of the company’s stock, valued at approximately $714,000.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 20.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after buying an additional 2,653,013 shares during the period. LPL Financial LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 12.7% in the 4th quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock worth $729,630,000 after acquiring an additional 1,758,866 shares during the period. HighTower Advisors LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 51.5% in the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock worth $122,933,000 after acquiring an additional 893,023 shares during the period. State Street Corp lifted its position in SPDR Portfolio Emerging Markets ETF by 23.1% during the 4th quarter. State Street Corp now owns 4,419,838 shares of the company’s stock worth $206,893,000 after acquiring an additional 830,465 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in SPDR Portfolio Emerging Markets ETF by 54.2% during the 3rd quarter. Bank of America Corp DE now owns 2,300,860 shares of the company’s stock worth $107,703,000 after acquiring an additional 809,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock opened at $52.28 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $43.65 and a 52-week high of $53.54. The company has a 50-day moving average of $51.46 and a two-hundred day moving average of $50.31. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60.

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.