SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Purchased by Financial Strategies Group Inc.

Financial Strategies Group Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 563,116 shares of the company’s stock after acquiring an additional 5,613 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 5.0% of Financial Strategies Group Inc.’s holdings, making the stock its 5th largest position. Financial Strategies Group Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $23,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPEM. Rothschild Investment LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $35,000. Hershey Financial Advisers LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth $49,000. Strategic Financial Concepts LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 649.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after buying an additional 128,861 shares during the last quarter. Finally, American National Bank raised its holdings in SPDR Portfolio Emerging Markets ETF by 132.0% in the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock opened at $41.43 on Friday. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The company has a 50-day moving average of $40.17 and a two-hundred day moving average of $38.63. SPDR Portfolio Emerging Markets ETF has a 52-week low of $33.48 and a 52-week high of $42.88.

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.