Traction Financial Partners LLC Acquires New Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Traction Financial Partners LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 33,036 shares of the company’s stock, valued at approximately $1,170,000. SPDR Portfolio Emerging Markets ETF comprises about 0.8% of Traction Financial Partners LLC’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPEM. Creative Planning raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the third quarter. Creative Planning now owns 24,946,540 shares of the company’s stock valued at $837,455,000 after acquiring an additional 1,075,145 shares during the last quarter. Financial Engines Advisors L.L.C. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.9% during the third quarter. Financial Engines Advisors L.L.C. now owns 15,957,265 shares of the company’s stock valued at $535,685,000 after acquiring an additional 1,034,877 shares during the last quarter. LPL Financial LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.5% during the third quarter. LPL Financial LLC now owns 9,186,124 shares of the company’s stock valued at $308,378,000 after acquiring an additional 223,449 shares during the last quarter. Allworth Financial LP raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.5% during the fourth quarter. Allworth Financial LP now owns 5,948,847 shares of the company’s stock valued at $210,649,000 after acquiring an additional 144,613 shares during the last quarter. Finally, TIAA Trust National Association raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.1% during the fourth quarter. TIAA Trust National Association now owns 5,107,031 shares of the company’s stock valued at $180,840,000 after acquiring an additional 382,150 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $37.39 on Friday. The company has a fifty day moving average price of $37.09 and a 200-day moving average price of $35.79. The company has a market capitalization of $8.88 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $38.84.

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.