Archer Investment Corp Invests $39,000 in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Archer Investment Corp acquired a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 938 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors have also recently made changes to their positions in SPEM. Signature Estate & Investment Advisors LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.6% in the third quarter. Signature Estate & Investment Advisors LLC now owns 582,413 shares of the company’s stock valued at $24,042,000 after purchasing an additional 20,368 shares during the last quarter. Balboa Wealth Partners increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 14.9% in the 3rd quarter. Balboa Wealth Partners now owns 36,621 shares of the company’s stock worth $1,512,000 after acquiring an additional 4,754 shares during the last quarter. Lifeworks Advisors LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth $1,988,000. International Private Wealth Advisors LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 120.4% during the 3rd quarter. International Private Wealth Advisors LLC now owns 37,794 shares of the company’s stock worth $1,560,000 after acquiring an additional 20,643 shares during the period. Finally, Valtinson Bruner Financial Planning LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 8.1% during the 3rd quarter. Valtinson Bruner Financial Planning LLC now owns 190,021 shares of the company’s stock valued at $7,844,000 after acquiring an additional 14,291 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $39.01 on Friday. The stock has a 50 day moving average of $40.32 and a 200 day moving average of $38.76. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.52 and a fifty-two week high of $42.88.

SPDR Portfolio Emerging Markets ETF Company 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.