SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management lifted its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,225 shares of the company’s stock after acquiring an additional 4,972 shares during the quarter. Financial Advocates Investment Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after acquiring an additional 323,995 shares during the period. US Bancorp DE grew its position in SPDR Portfolio Emerging Markets ETF by 40.9% during the first quarter. US Bancorp DE now owns 13,995 shares of the company’s stock worth $506,000 after buying an additional 4,063 shares during the period. Forbes Financial Planning Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 104.7% during the second quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock worth $2,531,000 after buying an additional 34,371 shares during the period. Raymond James & Associates grew its position in SPDR Portfolio Emerging Markets ETF by 9.1% during the second quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock worth $8,961,000 after buying an additional 19,939 shares during the period. Finally, Second Line Capital LLC grew its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the second quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock worth $7,683,000 after buying an additional 8,783 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Down 0.7 %

Shares of SPEM opened at $40.29 on Thursday. The firm’s 50-day moving average is $39.91 and its two-hundred day moving average is $38.43. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.23 and a twelve month high of $42.88. The firm has a market capitalization of $9.56 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.