SPDR Portfolio Emerging Markets ETF $SPEM Position Increased by Savvy Advisors Inc.

Savvy Advisors Inc. boosted its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 19.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 316,073 shares of the company’s stock after buying an additional 51,403 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 0.7% of Savvy Advisors Inc.’s holdings, making the stock its 28th largest position. Savvy Advisors Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $14,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPEM. Onyx Bridge Wealth Group LLC boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 286.8% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 115,984 shares of the company’s stock worth $5,429,000 after acquiring an additional 85,998 shares in the last quarter. Truefg LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 1.3% during the third quarter. Truefg LLC now owns 275,714 shares of the company’s stock worth $12,906,000 after purchasing an additional 3,600 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 250.5% during the third quarter. Oppenheimer & Co. Inc. now owns 53,523 shares of the company’s stock valued at $2,505,000 after purchasing an additional 38,252 shares during the last quarter. MB Generational Wealth LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $754,000. Finally, Western Wealth Management LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.0% in the 3rd quarter. Western Wealth Management LLC now owns 65,932 shares of the company’s stock valued at $3,086,000 after purchasing an additional 654 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.9%

Shares of SPEM opened at $50.96 on Thursday. The business’s 50-day moving average price is $48.18 and its 200 day moving average price is $46.78. The stock has a market capitalization of $17.02 billion, a P/E 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 $51.01.

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.