Financial Gravity Asset Management Inc. Has $10.40 Million Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Gravity Asset Management Inc. grew its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 9.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 276,273 shares of the company’s stock after buying an additional 24,423 shares during the period. SPDR Portfolio Emerging Markets ETF makes up 2.6% of Financial Gravity Asset Management Inc.’s portfolio, making the stock its 13th largest position. Financial Gravity Asset Management Inc. owned approximately 0.12% of SPDR Portfolio Emerging Markets ETF worth $10,403,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SPEM. Rothschild Investment LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $27,000. American National Bank lifted its position in SPDR Portfolio Emerging Markets ETF by 179.0% in the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after acquiring an additional 519 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth $32,000. Lynx Investment Advisory bought a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $35,000. Finally, Strategic Financial Concepts LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 649.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after purchasing an additional 128,861 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $37.42 on Friday. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The stock’s 50-day moving average is $38.05 and its 200-day moving average is $37.29. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $39.32.

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.