Forbes Financial Planning Inc. Boosts Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Forbes Financial Planning Inc. increased its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,136 shares of the company’s stock after buying an additional 5,937 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for about 2.2% of Forbes Financial Planning Inc.’s portfolio, making the stock its 20th largest position. Forbes Financial Planning Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $879,000. Quent Capital LLC increased its position in SPDR Portfolio Emerging Markets ETF by 17.6% during the 1st quarter. Quent Capital LLC now owns 58,427 shares of the company’s stock valued at $2,114,000 after purchasing an additional 8,748 shares during the period. USAdvisors Wealth Management LLC increased its position in SPDR Portfolio Emerging Markets ETF by 4.4% during the 1st quarter. USAdvisors Wealth Management LLC now owns 33,997 shares of the company’s stock valued at $1,225,000 after purchasing an additional 1,418 shares during the period. Salomon & Ludwin LLC increased its position in SPDR Portfolio Emerging Markets ETF by 22.5% during the 1st quarter. Salomon & Ludwin LLC now owns 10,019 shares of the company’s stock valued at $363,000 after purchasing an additional 1,837 shares during the period. Finally, Diversified LLC increased its position in SPDR Portfolio Emerging Markets ETF by 20.1% during the 1st quarter. Diversified LLC now owns 16,342 shares of the company’s stock valued at $591,000 after purchasing an additional 2,732 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM opened at $40.25 on Friday. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The company’s 50-day simple moving average is $39.98 and its two-hundred day simple moving average is $38.50. SPDR Portfolio Emerging Markets ETF has a one year low of $32.99 and a one year high of $42.88.

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.