Wealthfront Advisers LLC Invests $19.87 Million in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Wealthfront Advisers LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 517,899 shares of the company’s stock, valued at approximately $19,872,000. Wealthfront Advisers LLC owned 0.22% of SPDR Portfolio Emerging Markets ETF as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF by 474.2% during the 4th quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock valued at $94,000 after acquiring an additional 1,878 shares during the period. Stifel Financial Corp lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the 3rd quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock valued at $2,665,000 after buying an additional 4,049 shares during the period. Forbes J M & Co. LLP boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the fourth quarter. Forbes J M & Co. LLP now owns 265,153 shares of the company’s stock valued at $10,174,000 after acquiring an additional 1,728 shares during the last quarter. Advisory Resource Group grew its holdings in SPDR Portfolio Emerging Markets ETF by 5.4% in the third quarter. Advisory Resource Group now owns 60,213 shares of the company’s stock valued at $2,486,000 after purchasing an additional 3,068 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 637,654 shares of the company’s stock valued at $26,322,000 after acquiring an additional 19,370 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $39.32 on Wednesday. The company’s 50-day simple moving average is $38.96 and its 200-day simple moving average is $39.52. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one year high of $42.88. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67.

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.