Meridian Wealth Management LLC Has $396,000 Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Meridian Wealth Management LLC decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 18.4% in the fourth quarter, HoldingsChannel reports. The firm owned 10,308 shares of the company’s stock after selling 2,317 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPEM. Leslie Global Wealth LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $2,564,000. JNBA Financial Advisors boosted its stake in SPDR Portfolio Emerging Markets ETF by 13.9% in the 3rd quarter. JNBA Financial Advisors now owns 1,097,660 shares of the company’s stock worth $45,311,000 after purchasing an additional 133,675 shares during the period. Advisor Resource Council acquired a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $697,000. Walkner Condon Financial Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 5.8% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 341,396 shares of the company’s stock worth $14,093,000 after purchasing an additional 18,713 shares during the period. Finally, Portside Wealth Group LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 9.4% in the 3rd quarter. Portside Wealth Group LLC now owns 99,447 shares of the company’s stock worth $4,105,000 after purchasing an additional 8,510 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 2.8 %

SPEM stock opened at $39.95 on Thursday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66. The company has a 50 day moving average of $38.89 and a two-hundred day moving average of $39.49.

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.