KFG Wealth Management LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 11.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 516,924 shares of the company’s stock after buying an additional 53,961 shares during the period. SPDR Portfolio Emerging Markets ETF makes up approximately 3.5% of KFG Wealth Management LLC’s holdings, making the stock its 6th largest holding. KFG Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $24,197,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in SPEM. Brooklyn Investment Group acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 1st quarter worth about $32,000. Sachetta LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 2,263.9% in the second quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after buying an additional 815 shares in the last quarter. Webster Bank N. A. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at approximately $40,000. Addison Advisors LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth $49,000. Finally, WFA of San Diego LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at about $58,000.
SPDR Portfolio Emerging Markets ETF Stock Performance
Shares of NYSEARCA:SPEM opened at $46.46 on Wednesday. The firm has a market cap of $14.34 billion, a PE ratio of 15.39 and a beta of 0.56. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $48.56. The firm’s fifty day moving average is $47.12 and its 200-day moving average is $45.13.
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.
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