Affiance Financial LLC Purchases 9,324 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Affiance Financial LLC lifted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 155,987 shares of the company’s stock after purchasing an additional 9,324 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up about 1.4% of Affiance Financial LLC’s portfolio, making the stock its 12th largest holding. Affiance Financial LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $5,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Archer Investment Corp bought a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $49,000. McClarren Financial Advisors Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 583.2% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after purchasing an additional 2,193 shares during the period. Fortitude Family Office LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $121,000. Finally, Abound Wealth Management boosted its holdings in SPDR Portfolio Emerging Markets ETF by 420.2% in the 4th quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock worth $131,000 after buying an additional 2,761 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.5 %

Shares of SPEM opened at $38.92 on Friday. The business’s 50 day moving average is $39.01 and its 200 day moving average is $39.18. SPDR Portfolio Emerging Markets ETF has a 12-month low of $33.94 and a 12-month high of $42.88. The company has a market capitalization of $9.24 billion, a PE ratio of 13.05 and a beta of 0.81.

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.