Midwest Capital Advisors LLC Buys New Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Midwest Capital Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 67,018 shares of the company’s stock, valued at approximately $2,571,000. SPDR Portfolio Emerging Markets ETF makes up about 1.9% of Midwest Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James & Associates boosted its stake in SPDR Portfolio Emerging Markets ETF by 8.9% during the third quarter. Raymond James & Associates now owns 258,992 shares of the company’s stock worth $10,691,000 after buying an additional 21,119 shares during the period. Modera Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth $244,000. Richardson Financial Services Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 2.6% during the third quarter. Richardson Financial Services Inc. now owns 81,253 shares of the company’s stock worth $3,068,000 after buying an additional 2,030 shares during the period. Montz Harcus Wealth Management LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 3.3% during the third quarter. Montz Harcus Wealth Management LLC now owns 16,177 shares of the company’s stock worth $668,000 after buying an additional 521 shares during the period. Finally, Peterson Wealth Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.1% during the third quarter. Peterson Wealth Advisors LLC now owns 37,090 shares of the company’s stock worth $1,531,000 after buying an additional 403 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Down 0.2 %

NYSEARCA SPEM opened at $40.35 on Monday. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66. SPDR Portfolio Emerging Markets ETF has a 52 week low of $35.00 and a 52 week high of $42.88. The company has a fifty day moving average of $38.86 and a two-hundred day moving average of $39.41.

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.