David Kennon Inc Purchases 2,062 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

David Kennon Inc raised its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,962 shares of the company’s stock after acquiring an additional 2,062 shares during the period. SPDR Portfolio Emerging Markets ETF comprises approximately 2.6% of David Kennon Inc’s holdings, making the stock its 14th largest holding. David Kennon Inc owned 0.07% of SPDR Portfolio Emerging Markets ETF worth $6,562,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $27,000. Lynx Investment Advisory bought a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $35,000. Hershey Financial Advisers LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth $49,000. Strategic Financial Concepts LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 649.3% in the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after purchasing an additional 128,861 shares in the last quarter. Finally, American National Bank boosted its position in SPDR Portfolio Emerging Markets ETF by 132.0% during the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after acquiring an additional 1,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM stock traded down $0.28 during midday trading on Wednesday, hitting $40.68. The company’s stock had a trading volume of 440,794 shares, compared to its average volume of 1,599,343. The company’s fifty day moving average price is $39.65 and its 200 day moving average price is $38.28. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.16 and a twelve month high of $42.88. The stock has a market capitalization of $9.66 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.