Financial Gravity Asset Management Inc. Increases Position in SPDR Portfolio Emerging Markets ETF $SPEM

Financial Gravity Asset Management Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 298,897 shares of the company’s stock after buying an additional 12,973 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for about 2.7% of Financial Gravity Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Financial Gravity Asset Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $13,991,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Paces Ferry Wealth Advisors LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 4.1% during the fourth quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock valued at $236,000 after purchasing an additional 200 shares during the period. Mascagni Wealth Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 4.8% during the fourth quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock valued at $211,000 after purchasing an additional 207 shares during the period. River Street Advisors LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 1.8% during the fourth quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock valued at $567,000 after purchasing an additional 209 shares during the period. Kraft Davis & Associates LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the fourth quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock valued at $240,000 after purchasing an additional 213 shares during the period. Finally, Captrust Financial Advisors lifted its position in SPDR Portfolio Emerging Markets ETF by 0.7% during the third quarter. Captrust Financial Advisors now owns 32,698 shares of the company’s stock valued at $1,531,000 after purchasing an additional 222 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $52.11 on Friday. The company has a market capitalization of $17.86 billion, a PE ratio of 15.39 and a beta of 0.60. The company has a fifty day moving average of $50.96 and a 200 day moving average of $49.12. SPDR Portfolio Emerging Markets ETF has a 1 year low of $40.83 and a 1 year high of $53.54.

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.