Axxcess Wealth Management LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 4.0% in the second quarter, HoldingsChannel reports. The firm owned 533,597 shares of the company’s stock after buying an additional 20,597 shares during the quarter. Axxcess Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $20,101,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SPEM. Vantage Financial Partners LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $1,478,000. Gilbert & Cook Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 73.9% during the fourth quarter. Gilbert & Cook Inc. now owns 18,615 shares of the company’s stock valued at $659,000 after purchasing an additional 7,912 shares in the last quarter. Prairieview Wealth Partners LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at about $1,237,000. UBS Group AG increased its position in SPDR Portfolio Emerging Markets ETF by 10.4% in the fourth quarter. UBS Group AG now owns 1,572,129 shares of the company’s stock worth $55,669,000 after buying an additional 148,551 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in SPDR Portfolio Emerging Markets ETF by 38.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,491,923 shares of the company’s stock worth $88,239,000 after acquiring an additional 688,304 shares in the last quarter.
SPDR Portfolio Emerging Markets ETF Price Performance
Shares of SPEM stock opened at $38.45 on Tuesday. The company’s fifty day moving average price is $38.03 and its 200-day moving average price is $37.40. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $39.32.
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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